RETAIL PARKS PORTFOLIO 7 August 2008 UK

Abbey Retail Park, Newtownabbey, Belfast The scheme is located approximately three miles north of Belfast City Centre in an established retail location adjacent Size: 23,400m² to the Abbey Centre and a new flagship Marks & Spencer No of tenants: 5 store. The scheme is currently let at rents of between Ownership: Hammerson 100% £100/m² and £180/m². Proposals have been prepared for Main tenants: Tesco, B&Q an extension of the scheme to provide six new retail Tenure: Leasehold warehouse units. Planning: Part Open A1, part bulky goods Average rent: £140/m²

Battery Retail Park, Birmingham Built in 1990, Battery Retail Park is located four miles to the South West of Birmingham City Centre. The park currently Size: 12,600m² consists of seven units and planning permission has been No of tenants: 7 obtained to build a further 900m² unit, which has been let to Ownership: Hammerson 25%/TIAA-CREF 75% Next. The extension will be completed in September and is Main tenants: B&Q, Currys, Homebase, PC World expected to open in November. Tenure: Leasehold Planning: Open A1 and restaurants Average rent: £285/m²

Brent South Shopping Park, London, NW2 Owned by Hammerson and Standard Life, Brent South Shopping Park was constructed in November 2004. The Size: 8,500m² scheme, which is located directly opposite Brent Cross No of tenants: 9 Shopping Centre on the North Circular Road, is fully let. Ownership: Hammerson 41%/Standard Life 59% Main tenants: Arcadia, Borders, Next, TK Maxx, Tenure: Freehold Planning: Mainly open A1 Average rent: £505/m²

Central Retail Park, Falkirk The scheme is anchored by a Tesco superstore and incorporates a 3,900m² Cineworld cinema and a 2,335m² Size: 37,200m² Ballantyne’s Health Club. The park also has food outlets for No of tenants: 29 Pizza Hut, McDonalds and Frankie & Benny’s. Central Ownership: Hammerson 25%/TIAA-CREF 75% Retail Park was extended in 2003 and is now considered an Main tenants: Homebase, Comet, Next, Boots, Tesco integral part of the town’s retail offer. Tenure: Leasehold Planning: Mix of open A1, bulky goods, restaurant Average rent: £200/m²

Cleveland Retail Park, Middlesbrough B&Q is the main anchor tenant at Cleveland Retail Park and occupies a 9,530m² unit. A 3,700m² extension was Size: 24,400m² completed in September 2006 providing units for Currys, No of tenants: 11 Halfords, Storey Carpets and Carpetright. A further Ownership: Hammerson 100% extension/reconfiguration of the central terrace is to start in Main tenants: B&Q, Currys, Argos, Matalan, MFI September, which will provide seven modern units with an Tenure: Freehold open A1 planning consent. Lettings have already been Planning: Part open A1, part bulky goods secured to Next, Brantano, ScS and Peacocks, who are to Average rent: £140/m² open in Summer 2009.

Cyfarthfa Retail Park, Merthyr Tydfil Hammerson completed construction of Cyfarthfa Retail Park in January 2005. The scheme is fully let and comprises 13 Size: 23,600m² retail units and three fast food outlets. The retail park, No of tenants: 16 which is one of the most successful in South Wales, also Ownership: Hammerson 100% includes a JJB Sports health club. Main tenants: B&Q, Matalan, Boots, Next, Debenhams Argos, JJB Sports, Dixons, New Look, Arcadia Tenure: Freehold Planning: Mix of open A1, bulky goods, restaurant Average rent: £170/m²

Drakehouse Retail Park, Sheffield Hammerson acquired Drakehouse Retail Park in 2003. The scheme is located seven miles from Sheffield City Centre Size: 20,500m² and adjoins Crystal Peaks Shopping Centre. A new No of tenants: 17 2,800m² Homebase store opened in 2007 and further Ownership: Hammerson 100% proposals to extend and refurbish the park will be Main tenants: Carpetright, Co-op, Comet, Currys, progressed in 2009. Focus, Homebase, JD Sports, JJB Tenure: Freehold Planning: Open A1 (restricting fashion) restaurant Average rent: £185/m²

East Kent/Westwood Retail Parks, Thanet Hammerson owns three adjacent schemes at East Kent Size: 19,400m² Retail Park, Westwood Retail Park and Westwood Gateway No of tenants: 14 Retail Park, the latter developed by Hammerson in 2006. Ownership: Hammerson 100% The relocation of Homebase and Paul Simon to Westwood Main tenants: Homebase, Argos, Sportsworld, Comet, Gateway provided a development opportunity at Westwood Matalan where planning consent has been secured to create a new Tenure: Freehold 5,300m² terrace. Development is due to commence later in Planning: Part open A1 2008 and one of the units has been pre-let to Bhs. Average Rent: £185/m² Fife Central Retail Park, Kirkcaldy Hammerson acquired Fife Central Retail Park in April 2005. The park was developed in 1997 and comprises Size: 19,300m² 12 retail and 3 restaurant units. Construction is underway on No of tenants: 15 a 13,000m² extension to the park, which is to be anchored Ownership: Hammerson 100% by B&Q with other tenants including Argos, PC World and Main tenants: Boots, Homebase, Next, Sainsbury’s Toys R Us. The extension will be completed in June 2009. Tenure: Freehold Planning: Part open A1, part bulky goods Average rent: £205/m²

Manor Walks, Cramlington, near Newcastle Manor Walks Shopping Centre and the adjoining Westmorland Retail Park form the core retail area of Size: 52,200m² Cramlington, situated nine miles to the north of Newcastle. No of tenants: 97 In line with Blythe Council’s core retail strategy, Hammerson Ownership: Hammerson 100% has proposed a major retail-led mixed-use regeneration of Main tenants: Sainsbury’s, Asda, Next, Boots, Argos the town centre to provide 30,000m2 of new retail floorspace, Tenure: Freehold leisure facilities, a new town square and additional car Planning: Open A1 parking. The masterplan has been approved and the planning application is to be submitted in September 2008. Average rent: £125/m²

Parc Tawe, Swansea Parc Tawe Retail Park is an edge-of-city-centre scheme in Swansea. The scheme includes 5,500m² of leisure uses, Size: 22,600m² including a cinema. A major mixed-use development No of tenants: 14 incorporating a food store, retail units and leisure is Ownership: Hammerson 100% proposed in accordance with Swansea City Council’s Main tenants: Toys R Us, Mothercare, Odeon strategic development framework. Tenure: Leasehold Planning: Open A1 Average rent: £105/m²

Berkshire Retail Park, Theale The park is anchored by a 4,900m² Homebase. Planning has been obtained for a comprehensive refurbishment/ Size: 7,900m² extension which will start in 2009. No of tenants: 3 Ownership: Hammerson 100% Main tenants: Homebase Tenure: Freehold Planning: Part open A1, part bulky goods Average rent: £100/m²

Ravenhead Retail Park, St Helens Ravenhead Retail Park is a high specification modern Size: 27,500m² scheme which was developed in several phases from No of tenants: 17 2000-2006. Recently, consent has been obtained for an Ownership: Hammerson 100% 8,100m² extension and pre-lets have been secured to CSL Main tenants: B&Q, Next, Arcadia, Boots, Currys and Argos. Further pre-lets are required prior to starting on Tenure: Freehold site. Planning: Part open A1 part bulky goods Average rent: £170/m²

Seacourt Retail Park, Oxford The Seacourt Retail Park is located to the south of Oxford on the Botley Road, one of the main arterial routes into the Size: 10,000m² city. The area is an established retail warehouse location No of tenants: 5 with a number of bulky goods parks in the area. The Ownership: Hammerson 100% scheme consists of 7,700m² of retail and a small office Main tenants: Habitat, Homebase building of 2,300m². Although the scheme has an open Tenure: Leasehold consent, the majority of occupiers are bulky goods retailers. Planning: Open A1 There is potential for a major refurbishment and Average rent: £225/m² reconfiguration of the space for which planning consent is awaited.

St Oswald’s Retail Park, Gloucester In September 2005, Hammerson completed construction of the first phase of its 35,000m² mixed-use development to Size: 20,500m² the north of Gloucester city centre. This phase provides No of tenants: 8 19,400m² of bulky goods retail and leisure space in two Ownership: Hammerson 100% terraces, 1,100m² of restaurant uses and 990 parking Main tenants: B&Q, JJB Sports, Mothercare, Comet, spaces. Land next to the park has been sold for the SCS development of 450 residential units and a 150 unit urban Tenure: Leasehold care village. The final phase will comprise a food store and Planning: Mix of open A1, bulky goods, restaurant further residential development. Average rent: £210/m²

The Orchard Centre, Didcot The Orchard Centre provides the main retail offer for Didcot, 14 miles south of Oxford. Part open mall, part retail park, it Size: 17,300m² is anchored by a Sainsbury’s food store. The adjacent site No of tenants: 43 is allocated for retail-led mixed-use redevelopment and Ownership: Hammerson 100% Hammerson has been selected by South Oxfordshire Main tenants: Sainsbury’s, Argos, Next, Woolworths District Council as preferred developer for this scheme. The Tenure: Leasehold master planning exercise is underway. Planning: Open A1 Average rent: £220/m²

Victoria Retail Park, Nottingham The park is anchored by a B&Q warehouse. The recent lettings to Next and Argos have softened the tenant line up Size: 15,300 m² and Tesco Homeplus is to occupy a 3,251m² unit previously No of tenants: 8 let to Focus and is due to open in November 2008. Two Ownership: Hammerson 100% further units are currently under construction on the site of Main tenants: B&Q, Halfords, Next, Argos the former B&Q Garden Centre which will provide 1,400m² Tenure: Freehold of additional floorspace. Planning: Part open A1, part bulky goods Average rent: £175/m²