UK REIT Hammerson is putting its largest property up for sale in a bid to shore up its financial position. The company has reportedly hired CB Richard Ellis to market the 773,931 sq ft (72,000 m2) Bishops Square office development in the City of London for more than £500 mln (EUR 553 mln). According to the Financial Times, the transaction could also be split into four equal tranches to make the sale easier.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
