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The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

Hammerson hit after selling Paris building for below book value

Property shares are under pressure, with Hammerson leading the way lower after it sold a Parisian office block for less than book value.

The company sold a seven storey block at 148 Rue de l'Universite for €84.5m (£75m), compared to a book value of €97.8m. The property was 44% vacant on disposal. Hammerson shares are down 16.4p at 407.6p, while Land Securities is 21.5p lower at 663.5p and British Land has fallen 14p to 466p.

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