Acquisition - Replacement

Hammerson PLC
08 December 2005


Hammerson plc - Replacement Announcement


This announcement replaces the previous RNS announcement (Reference 3207V)
issued at    7.00 a.m today.


In the original announcement, the sterling equivalent amount of the acquisition
price shown in the first paragraph should have read £38.4 million and not £83.4
million as stated. In all other respects the announcement is unchanged.



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 (£38.4 million), inclusive of
fees, from 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 Mont
Blanc.  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]


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