Commercial property firms start new year up on FTSE 100
The commercial property companies that trade on London's premier stock index have enjoyed a positive start to 2012 this morning (January 3rd).

British Land had risen by 7.7 points as of 08:14 GMT on the FTSE 100, a 1.66 per cent increase on its December 30th close.

One of the more recent announcements by the organisation was that its joint venture with Oxford Properties had seen Aon Corporation and its UK division agree to pre-let 191,000 sq ft of City offices at the Leadenhall Building, EC3.

The lettings deal for the skyscraper - which is scheduled to be delivered in the middle of 2014 - represents a third of the available London offices in the tower.

Land Securities also climbed up the FTSE 100, surging by 13 points as of 08:18 GMT, a rise of 2.05 per cent on its previous close.

It announced in December that a new £1.05 billion five-year credit facility had been secured, with further lenders able to be added to the agreement at a later date.

Meanwhile, Hammerson completed the FTSE 100 hat trick by climbing 2.33 per cent - or 8.4 points - as of 08:21 GMT.

Hammerson enjoyed a successful Christmas, with its London shopping centre portfolio faring particularly well.

Brent Cross experienced its busiest December 23rd and Christmas Eve ever, with 135,000 shoppers visiting the centre during this period.

A 27 per cent rally compared to 2010 was also seen for Boxing Day, when 65,000 people passed through its doors.

Chief executive of Hammerson David Atkins commented: "With Christmas Day falling on a Sunday, many customers left shopping to the last minute; however, the momentum has continued. Centres across the country have been reporting record-breaking numbers of visitors looking to take advantage of Boxing Day sales."

Across its entire shopping centre portfolio, Hammerson saw more than 2.5 million individuals visiting its assets between December 26th and 28th.

Posted by Sarah Dudley

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