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| Link to CoStar Group |
"Canadian investor and developer Oxford (video) is one of a handful of parties to have
bid on part or the whole of Hammerson’s office portfolio. The talks between
Hammerson and Oxford are not exclusive, and the bidding process remains at an
early stage.
"... The move was seen as a way for Hammerson to capitalise on the migration of
shoppers towards large purpose-built developments. With rents across its London
office portfolio flatlining last year, Hammerson will sell the assets and
redeploy the capital into retail development in a bid to increase focus and
size."
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