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Hammerson confirms 60 Threadneedle sale to St Martins

Hammerson has confirmed its sale of the freehold of 60 Threadneedle Street, EC2, to St Martins Property Investments, the UK-based real estate investment vehicle of the State of Kuwait, for £176m – an initial yield of 4.75%.
CoStar News
December 15, 2011 | 12:38 P.M.

Hammerson said the net consideration after deducting rental top-ups is £176m, £5m of which is deferred subject to certain conditions which are expected to be satisfied by 2013.

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