Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Brookfield snaps up £340m London Wall scheme

  • Comment

A £340 million development in London has been picked up by Brookfield Office Properties after the City of London Corporation agreed to transfer Hammerson’s lapsed option agreement

Hammerson announced that it had sold most of its office portfolio to Brookfield Office Properties for £518m earlier this month and had told the Stock Exchange it had dropped its option to buy the 46,450m² Make-designed London Wall Place site.

However a City of London Corporation spokesperson today said: ‘[We] can confirm that it has agreed a transfer of Hammerson’s option agreement on the development site at London Wall Place to Brookfield Office Properties (Brookfield) and that Brookfield has now exercised this option. A further announcement will be made when appropriate.’

Planning permission was secured for the site near the Barbican last year before plans were put on hold by Hammerson. It is currently unclear whether Ken Shuttleworth’s practice Make will be retained by Brookfield.

 

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.