Hammerson

Hammerson to buy Leadenhall Court

Hammerson to buy Leadenhall Court

Hammerson, the property company has paid £65m for a building in London's financial district.

Further the firm has bought the Leadenhall Court building in the City, which was considered as a part of the tycoon's White Tower mortgage-backed securities vehicle, along with the eight other properties enlisted with a valuation of £1.8bn in 2006.

The White Tower building made a default at £1.1bn of securitized debt in 2009 after the dwindling of the portfolio value tumbled to £929m during the commercial property crisis.