Korean Pension Service confirms Paris property deal

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KOREA/FRANCE - Hammerson has agreed to sell 51% of its interest in a Paris shopping centre to the National Pension Service of Korea (NPS) for €217m ($278m).

Under the deal, which was rumoured earlier this week, NPS will have the opportunity to purchase a further 24% interest in Autumn 2011 from Hammerson for an estimated €106m. The O'Parinor shoppin...

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