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| Land Securities sells New Scotland Yard Land Securities Group has sold its freehold interest in New Scotland Yard to the Metropolitan Police Authority. Richard Linnell, Head of Investment at Land Securities' London Portfolio, said: "This asset is occupied by the Metropolitan Police, and this transaction provides them with an opportunity to manage their operational property directly. As there is very limited action for us in holding the property over the next few years, a release of equity from it is in shareholders' best interests." Land Securities is the UK's leading Real Estate Investment Trust with a national portfolio of commercial property worth around £12 billion. Half of the Land Securities' portfolio is in London, where it owns landmark buildings such as the Piccadilly Lights and Westminster City Hall, and is developing some of the capital's most innovative mixed-use schemes, such as One New Change in Mid-town and Park House on Oxford Street. write your comments about the article :: © 2008 Construction News :: home page |