Acquisition

Hammerson PLC
11 April 2005



Hammerson plc - Acquisition of Fife Central Retail Park, Kirkcaldy


Hammerson plc has completed the purchase of the freehold interest in Fife
Central Retail Park, Kirkcaldy, from Stannifer Group Holdings Limited for £74.7
million, including costs. The current rental income is approximately £3.4
million per annum.


Fife Central Retail Park, which opened in 1997, currently comprises 27,700 m(2)
(298,500 ft(2)) of retail warehouse accommodation, including Sainsbury's, Next,
Homebase, Boots, JJB Sports, Comet and Halfords. The park benefits from a part
Open A1 planning consent. Kirkcaldy is located on the north coast of the Firth
of Forth, approximately 30 miles north of Edinburgh.


John Richards, Chief Executive of Hammerson, commented:


' Following our success in the retail parks sector, we have been actively
  seeking additional opportunities for expansion. This property is well let and
  has significant reversionary potential, with further opportunities to add 
  value through active asset management and development.'


Hammerson was represented by FPDSavills. The vendor was represented by Montagu
Evans.


For further information:

John Richards, Chief Executive, Hammerson plc                Tel:  [phone]

Chris Smith, Director of Corporate Affairs, Hammerson plc    Tel:  [phone]

                                                          [e-mail]

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