4th Jan 2006 11:33
Hammerson PLC04 January 2006 OFFICE LETTINGS - 18 & 19 HANOVER SQUARE, LONDON W1 Hammerson plc has signed leases at its two recently refurbished officebuildings, 18 & 19 Hanover Square, London W1, following which both buildings arefully let. At 18 Hanover Square, Avanta Management Services Limited, a serviced officebusiness, has leased 2,860 m(2) (30,780 ft(2)) of office accommodation. Theannual rent is £1.49 million. The lease term is 10 years, with the equivalent ofan 18 month rent free period. At 19 Hanover Square, Lend Lease Europe Limited, the European subsidiary of theAustralian property company, will occupy 2,910 m(2) (31,340 ft(2)). The annualrent is £1.40 million, with an initial rent free period of 13 months on a 10year lease. John Richards, Chief Executive of Hammerson plc said: " Hammerson's West End office portfolio is now fully let. These two deals confirm the recent upturn in the central London office market. We are also seeing encouraging interest in our City office schemes, and are confident of having further deals to announce early in 2006." For further information: John Richards, Chief Executive, Hammerson plc Tel: 020 7887 1000 Chris Smith, Director of Corporate Affairs, Hammerson plc Tel: 020 7887 1019 [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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