Commercial property firms up on a lower FTSE 100
The FTSE 100 has taken a dip this morning (February 6th), but some of the commercial property firms trading on London's premier stock exchange have managed to rise.

As of 08:04 GMT, British Land had increased its standing by 0.1 per cent on Friday's close, a lift of 0.5 points.

Hammerson enjoyed a larger rise, hiking up its share price by 0.55 per cent - or 2.1 points.

The increases came despite the FTSE 100 shedding 17 points on Friday's end of trading, reflecting the strength of commercial property shares.

One of Hammerson's more recent successes was revealed at the end of January, when law firm Latham & Watkins agreed to extend its existing lease and take on a new one for City offices at 99 Bishopsgate, EC2.

Its lease for the existing 101,080 sq ft of space has been extended by five years, while an extra 23,600 sq ft has been agreed for the ground and 21st levels.

Land Securities also managed to bump up its share price by 0.36 per cent as of 08:11 GMT.

Posted by David Hudek

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