RETAIL PARKS PORTFOLIO

9 February 2009

Abbey Retail Park, Newtownabbey, Belfast The scheme is located approximately three miles north of Belfast Size: 23,400m² City Centre in an established retail location adjacent to the Abbey No of tenants: 6 Centre and a new flagship Marks & Spencer store. A planning Ownership: Hammerson 100% application has been submitted for an extension of the scheme to Main tenants: Tesco, B&Q provide six new retail warehouse units. Tenure: Leasehold 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 Size: 13,000m² South West of Birmingham City Centre. The park currently No of tenants: 8 consists of eight units including a new 900m² unit which has been Ownership: Hammerson 25%/TIAA-CREF 75% let to Next. The asset offers further redevelopment potential. Main tenants: B&Q, Currys, Halfords, Homebase, Next, PC World Tenure: Leasehold Planning: Open A1 and restaurants Average rent: £275/m²

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

Central Retail Park, Falkirk The edge of centre scheme is anchored by a Tesco superstore Size: 37,100m² and a number of high street retailers and incorporates a 3,900m² No of tenants: 27 Cineworld cinema and a 2,300m² Ballantyne’s Health Club. In Ownership: Hammerson 25%/TIAA-CREF 75% addition, the park has food outlets including Pizza Hut, Main tenants: Homebase, Comet, Next, Boots, Tesco McDonalds and Frankie & Benny’s. Central Retail Park was Tenure: Leasehold extended in 2003 and is now considered an integral part of the Planning: Mix of open A1, bulky goods, restaurant town’s retail offer. Average rent: £210/m²

Cleveland Retail Park, Middlesbrough B&Q is the main anchor tenant at Cleveland Retail Park and Size: 21,300m² occupies a 9,530m² unit. A 3,700m² extension was completed in No of tenants: 9 September 2006 providing units for Currys, Halfords, Storey Ownership: Hammerson 100% Carpets and Carpetright. A further extension/reconfiguration of Main tenants: B&Q, Currys, Argos, Matalan the central terrace commenced in September 2008, which will Tenure: Freehold provide seven modern units with an open A1 planning consent. Planning: Part open A1, part bulky goods Lettings have already been secured to Next, Brantano, ScS, Average rent: £135/m² Peacocks and Pets @ Home. The new units will open in Summer 2009.

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

Dallow Road, Luton Hammerson completed the construction of a new 9,000 m² B&Q Size: 10,100m² Warehouse in February 2006. The scheme also includes No of tenants: 2 a 1,100m² Aldi store and 670 car parking spaces. Ownership: Hammerson 100% Main tenants: Aldi, B&Q Tenure: Freehold Planning: Food and bulky goods Average rent: £195/m²

Drakehouse Retail Park, Sheffield Hammerson acquired Drakehouse Retail Park in 2003. The Size: 20,500m² scheme is located seven miles from Sheffield City Centre and No of tenants: 16 adjoins Crystal Peaks Shopping Centre. A new 2,800m² Ownership: Hammerson 100% Homebase store opened in 2007 and there are further asset Main tenants: Carpetright, Co-op, Comet, Currys, Focus, management opportunities under consideration. Homebase, JD Sports, JJB Sports Tenure: Freehold Planning: Open A1 (restricting fashion) restaurant Average rent: £205/m²

East Kent/Westwood Gateway Retail Parks, Thanet Hammerson owns three adjacent schemes at East Kent Retail Size: 19,400m² Park, Westwood Retail Park and Westwood Gateway Retail No of tenants: 14 Park, the latter developed by Hammerson in 2006. The Ownership: Hammerson 100% relocation of Homebase and Paul Simon to Westwood Gateway Main tenants: Homebase, Argos, Sportsworld, Comet, provided a development opportunity at Westwood where Matalan planning consent has been secured to create a new 5,300m² Tenure: Freehold terrace. The scheme is fully pre-let and development Planning: Part open A1 commenced in November 2008 and leases have been Average Rent: £185/m² exchanged with Bhs, Brantano and Dunelm which are due to open in 2009.

Fife Central Retail Park, Kirkcaldy Hammerson acquired Fife Central Retail Park in Size: 19,300m² April 2005. The park was developed in 1997 and comprises 12 No of tenants: 15 retail and 3 restaurant units. Construction is underway of a Ownership: Hammerson 100% 11,000m² extension to the park, which is to be anchored by B&Q Main tenants: Boots, Homebase, Next, Sainsbury’s with other tenants including Argos, PC World and Toys R Us. Tenure: Freehold The extension will be completed in June 2009 and is 90% pre-let. Planning: Part open A1, part bulky goods Hammerson also has planning consent for 3,000 m² of Average rent: £210/m² mezzanine floorspace.

Manor Walks, Cramlington, near Newcastle Manor Walks Shopping Centre and the adjoining Westmorland Size: 52,400m² Retail Park form the core retail area of Cramlington, situated nine No of tenants: 100 miles to the north of Newcastle. In line with Blythe Council’s core Ownership: Hammerson 100% retail strategy, Hammerson has proposed a major retail-led Main tenants: Sainsbury’s, Asda, Next, Boots, Argos mixed-use regeneration of the town centre to provide 30,000m2 Tenure: Freehold of new retail floorspace, leisure facilities, a new town square and Planning: Open A1 additional car parking. The masterplan has been approved and Average rent: £125/m² Phase 1 of the extension to the retail park is scheduled to commence in 2009.

Parc Tawe, Swansea Parc Tawe Retail Park is an edge of centre scheme in Swansea. Size: 22,600m² The scheme includes 5,500m² of leisure uses, including a No of tenants: 14 cinema. A major mixed-use development incorporating a food Ownership: Hammerson 100% store, retail units and leisure is proposed in accordance with Main tenants: Toys R Us, Mothercare, Odeon Swansea City Council’s 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 Size: 7,900m² been obtained for a comprehensive refurbishment/ extension No of tenants: 3 which, subject to pre-letting, could start in 2009. 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 an edge of centre, high specification Size: 27,500m² modern scheme which was developed in several phases from No of tenants: 16 2000 to 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 Argos and Asda Living. Further pre-lets are required prior to Tenure: Freehold starting on site. Planning: Part open A1 part bulky goods Average rent: £175/m²

Seacourt Retail Park, Oxford Seacourt Retail Park is located to the south of Oxford on the Size: 10,000m² Botley Road, one of the main arterial routes into the city. The No of tenants: 5 area is an established retail warehouse location with a number Ownership: Hammerson 100% of bulky goods parks in the area. The scheme consists of Main tenants: Habitat, Homebase 7,700m² of retail space and a small office building of 2,300m². Tenure: Leasehold Although the scheme has an open consent, the majority of Planning: Open A1 occupiers are bulky goods retailers. There is potential for a Average rent: £235/m² major refurbishment and reconfiguration of the space for which planning consent has recently been secured.

St Oswald’s Retail Park, Gloucester In September 2005, Hammerson completed construction of the Size: 20,500m² first phase of its 35,000m² mixed-use development to the north No of tenants: 12 of Gloucester city centre. This phase provides 19,400m² of bulky Ownership: Hammerson 100% goods retail and leisure space in two terraces, 1,100m² of Main tenants: B&Q, JJB Sports, Mothercare, Comet, SCS restaurant uses and 990 parking spaces. Land next to the park Tenure: Leasehold has been sold for the development of 450 residential units and a Planning: Mix of open A1, bulky goods, restaurant 150 unit urban care village. The final phase will comprise a food Average rent: £215/m² store and further residential development and a planning application for the food store is to be submitted in mid-2009.

The Orchard Centre, Didcot The Orchard Centre provides the main retail offer for Didcot, 14 Size: 17,300m² miles south of Oxford. Part open mall, part retail park, it is No of tenants: 47 anchored by a Sainsbury’s food store. The adjacent site is Ownership: Hammerson 100% allocated for retail-led mixed-use redevelopment and Main tenants: Sainsbury’s, Argos, Next Hammerson has been selected by South Oxfordshire District Tenure: Leasehold Council as preferred developer for this scheme. The master Planning: Open A1 planning exercise is concluded with scheme designs underway. Average rent: £225/m²

Victoria Retail Park, Nottingham The park is anchored by a B&Q warehouse. The recent lettings Size: 15,300 m² to Next and Argos have softened the tenant line up and in No of tenants: 8 November 2008 Tesco Homeplus opened a 3,300m² unit Ownership: Hammerson 100% previously let to Focus. Two further units have been Main tenants: B&Q, Halfords, Next, Argos constructed on the site of the former B&Q Garden Centre and Tenure: Freehold planning consent has been secured for 1,400m² of additional Planning: Part open A1, part bulky goods floor space on the former Focus Garden Centre. Average rent: £175/m²

Contact: Andrea Cockram, Corporate Communications Manager Hammerson plc 10 Grosvenor Street, London W1K 4BJ Tel: 020 7887 1881 [email protected]