Key Developments: Hammerson PLC (HMSO.L)
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523.00p
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Latest Key Developments (Source: Significant Developments)
Hammerson PLC Declares Interim Dividend
Hammerson PLC announced that the Directors have declared an interim dividend of GBP0.077 per share, representing an increase of 5.5% on the dividend for the first half of 2011. The dividend is payable to shareholders on the register at the close of business on August 17, 2012, and will be paid on October 5, 2012,, as a PID, net of withholding tax where appropriate. There will be no scrip alternative although the dividend reinvestment plan remains available to shareholders. Full Article
Brookfield Office Properties Inc To Buy Hammerson PLC's London Offices-Reuters
Reuters reported that Brookfield Office Properties Inc is in exclusive talks to buy British developer Hammerson Inc's London office portfolio for more than GBP500 million ($777.2 million). Hammerson put its office portfolio up for sale in February and said it would focus on retail property. It said it could sell its London office buildings individually or as one package over the next three years. Brookfield, which owns $31 billion of offices in North American and Australia, already owns a 50% stake in the 100 Bishopsgate skyscraper scheme in London's City financial district. The sale comes as office developers struggle to find tenants in central London amid concerns over global economic weakness. Full Article
Hammerson plc Sells Building In Paris
Hammerson plc announced that it has has exchanged contracts to sell the freehold for 54-60 rue du Faubourg Saint-Honore in Paris' 8th arrondissement to Ramsbury AB for €165 million. Hammerson acquired the buildings in Paris' retail quarter in 2005 and the retail element of the 8,000 square meters mixed-use property has been redeveloped. Full Article
Hammerson plc Comments On FY 2012 And Long Term EPS Guidance-Conference Call
Hammerson plc announced that it would like to have a relatively stable earnings per share (EPS) pattern over fiscal 2012. Thereafter, the Company will have a goal of growing EPS at mid to high single digit growth rates per annum. Full Article
Hammerson plc Announces Disposal Of Further 24% Interest In O'Parinor Shopping Centre, Paris
Hammerson plc announced that it has agreed to exercise the option to sell a further 24% interest in O'Parinor shopping centre, Aulnay-sous-Bois, near Paris to a client of Rockspring Property Investment Managers LLP (Rockspring). The sale was envisaged following the original disposal last year of a 51% stake in the property. As stated in the original announcement earlier, this sale was based on the valuation at that time and Hammerson's net proceeds from the sale are EUR106 million. The sale takes Rockspring's client's stake in the centre to 75%. Full Article
Hammerson plc Declares Interim Dividend of GBP7.3 Pence Per Share
Hammerson plc announced that its Directors have declared an interim dividend of 7.3 pence per share, payable to shareholders on the register at the close of business on August 19, 2011. The dividend will be paid on October 7, 2011 and 5.5 pence per share will be paid as a PID, net of withholding tax where appropriate, with the remainder of 1.8 pence per share paid as a normal dividend. There will be no scrip alternative although the dividend reinvestment plan will be reinstated. The 2010 interim dividend of 7.15 pence per share was paid entirely as a normal cash dividend. Full Article
Hammerson plc Announces Acquisition Of 999-Year Leasehold Interest In 99 Bishopsgate
Hammerson plc announced that it has acquired a 999-year leasehold (virtual freehold) interest in 99 Bishopsgate, London EC2, from PRUPIM acting on behalf of the Prudential Assurance Company Ltd for GBP100 million, including costs. 99 Bishopsgate is a 26-storey tower providing 31,500m2 of office accommodation in the centre of the City of London. It is occupied by a number of financial and professional services companies including: Deutsche Bank, Latham & Watkins, Korea Development Bank and Charles River Associates International. Hammerson has owned a long leasehold interest in the property, which expires in 2100, since its reconstruction in 1994. The rent payable to Prudential was GBP4.2 million per annum. Net of headrent, Hammerson's passing rents at December 31, 2010 were GBP13.6 million, and at that time Hammerson's interest was valued at GBP126 million. Deutsche Bank is expected to vacate the majority of its space later this year. Full Article
BRIEF-Hammerson acquires additional stake in Bullring
LONDON, May 3 - Hammerson PLC : * Hammerson acquires additional bullring stake * Acquired an additional 16.7% stake in bullring, taking its ownership to 50%. * In JV with Canada Pension Plan Investment Board Hammerson has acquired future
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