Hammerson - Sale of Canadian Business

LONDON, England, Nov. 10 /CNW/ - It was announced yesterday by Hammerson
plc and OMERS Realty Corporation that an agreement has been reached for the
purchase of Hammerson Canada Inc. by OMERS Realty Corporation. The transaction
is scheduled to close between year-end 1998 and February 1, 1999. As part of
the transaction, Hammerson Canada Inc. intends to give notice of prepayment to
its two outstanding bond issues. 
-0-                        11/10/1998 
/For further information: Ronald Spinney, Hammerson plc, Chief
Executive, Tel: 011-44-171-887-1000, Fax:  011-44-171-887-1010; Elisabeth
Stroback, Hammerson Canada Inc., President and Chief Executive Officer,
Tel: (905) 270-7000, Fax: (905) 270-7002/ 
CO:  Hammerson Canada Inc.; Hammerson PLC; OMERS Realty Corporation
-0- (CNS) Nov/10/98   10:16
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