Acquisition

Hammerson PLC
08 December 2005



Hammerson Acquires Interest in 54-60 rue du Faubourg Saint-Honore, Paris 8e



Hammerson plc has acquired a 100% interest in the freehold of 54-60 rue du
Faubourg Saint-Honore in Paris for €56.4 million (£83.4 million), inclusive of
fees, from AGRICA (CCPMA RETRAITE).

Located on the prestigious rue du Faubourg Saint-Honore, between rue d'Aguesseau
and rue d'Anjou, in the eighth arrondissement, the buildings comprise
six blocks of multi-let properties, some of which retain their original 17th and
19th Century facades. The properties provide 7,000 m(2) (75,300 ft(2)) of
accommodation, comprising 2,500 m(2) of retail space set across three floors,
1,100 m(2) of offices and 3,400 m(2) of residential accommodation.

Principal occupiers include Chloe, Comme des Garcons, Fratelli Rossetti and
Montblanc. The properties generate a gross rental income of €2.8 million
per annum, of which 75% is in respect of retail occupiers.



John Richards, Chief Executive of Hammerson, commented:



' This acquisition demonstrates Hammerson's commitment to expanding its business
in France. Located close to the group's current successful development at 9
place Vendome, rue du Faubourg Saint-Honore is one of the most prestigious
streets in Paris for high fashion retailing. The property offers significant
opportunities to add value through active asset management.'










For further information:

John Richards, Chief Executive                           Tel:  [phone]
Gerard Devaux, Managing Director Continental Europe      Tel:  [phone]
Chris Smith, Director of Corporate Affairs               Tel:  [phone]
                                                         [e-mail]




                      This information is provided by RNS
            The company news service from the London Stock Exchange