Shopping Centre Acquisition

Hammerson PLC
04 September 2007

Acquisition of Shopping Centre in Angers, France for £44 million

Hammerson has exchanged contracts to acquire an interest in Grand Maine, a
22,000 m(2) shopping centre in Angers, Maine et Loire, for a total consideration
including costs of £44 million (€66 million). The vendor is Locasic, a private
property company.

Following completion of the transaction by October 2007, Hammerson will own the
9,000 m(2) shopping gallery and an 800 m(2) adjacent plot of land representing a
31% interest in the co- ownership. The scheme is anchored by a 10,800 m(2)
hypermarket owned by Carrefour, which has a 60% interest in the co-ownership.
The balance is held by occupiers of the office element of the complex.

Built in 1983, the centre is located in the Lac de Maine area on the edge of
Angers city centre and is a short distance from the A11 motorway between Paris
and Nantes. Around 315,000 people live within a 20-minute drive of the centre,
with around 40% of the immediate local population under the age of 30.

The 62 units in the shopping gallery generate a net rental income of £1.9
million (€2.8 million) and the scheme is 24% reversionary. Occupiers include
clothing and lifestyle retailers such as Celio, Promod, Camaieu and Intersport.

John Richards, Chief Executive said:

'Following the successful sale of 9 place Vendome, Paris, we are delighted to be
able to announce another acquisition in France. Hammerson has identified several
opportunities for value creation at Grand Maine, including more active
management of the existing gallery and a potential major extension to the
centre.'


Enquiries:
John Richards, Chief Executive                                      Tel:  [phone]
                                                                    Tel:  [phone]

Gerard Devaux, Managing Director, Continental Europe
                                                                    Tel:  [phone]
Christopher Smith, Director of Corporate Affairs                    [e-mail]




Notes to Editors

Hammerson plc

Hammerson plc is a leading European REIT (LSE: HMSO). Established over 50 years
ago, the group has operations in the UK and France. Its high quality real estate
portfolio provides approximately 1,300,000 m(2) of retail space and 275,000 m(2)
of prime offices and is valued at over £7 billion. The group is currently
carrying out six major developments at a total cost of nearly
£1 billion and has a potential future development pipeline of  £5 billion.

For more information visit: www.hammerson.com




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