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Land Securities announces Interim Results for half-year

Land Securities, Britain’s biggest property company, announced interim results for the six months ended 30 September 2007. It reported a 2.5% increase in NAV to 2236p a share, a 4.2% rise in the value of London office investments, and a 0.7% increase in the value of London shops, but a 1.5% drop in the value of its shopping centers and a 3.9% drop in the value of its retail warehouses.

Land Securities revealed that it will split into three separate companies focusing on retail, London and property outsourcing.



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