The government, he said, is "committed toward divesting government holdings," citing the sale of post office assets, two Petronas subsidies and a sugar business.
It has sold 75% of its London office assets for £518m in one deal, and is making an additional £100m investment in designer outlets.
Chief executive David Atkins said: We have created a focused retail business by accelerating our plans to sell the London office assets through a single transformational deal.
Alan Carter at Investec said: The big news this year from Hammerson was the near-total sale of its office assets (formerly 11% of the total portfolio) which will complete later this year.
The stocks we like the most right now are Avalon Bay Communities, a multifamily REIT based in Alexandria, Va.; Boston Properties, which owns high-profile office assets in markets like New York, Boston, Washington and San Francisco; and Simon Property Group, which is our top pick among retail REIT's.
It has a collection of great office assets.
The Others segment engages in head office assets, liabilities, income and expenses that are not directly attributable to a segment.
Despite having a management team that many consider to be brilliant, Reckson has failed to reach any kind of dominant position in Manhattan, even though it has acquired some topflight office assets over the years.
However, management smartly pursued alternative means for raising capital, including its Australian venture, and also performed extremely will with its Manhattan office assets by keeping vacancy at an exceptionally low level.
The solution enables pooled office assets to be tracked with ease through a checkout and checkin mechanism for employees as well as an activity newsfeed for administrators, allowing them to review and take charge only when needed.
