British Land Not Running to Join Demerger Bandwagon ; Property

Summary

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Commercial property giant British Land - which two months ago sold off Solihull's 257-acre Blythe Valley Business Park in a deal worth pounds 161 million - yesterday ruled out any moves to follow the lead of its main rival and demerge or hive-off its pounds 16 billion portfolio.

On Wednesday, Land Securities took a radical step to demerge its pounds 15 billion worth of property assets into three separately quoted businesses - retail, London offices and property outsourcing - in a move designed to unlock future value for shareholders and provide a simpler, clearer financial model for each unit.

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British Land Not Running to Join Demerger Bandwagon ; Property

Analysts reckoned the development could spark similar moves by other UK real estate companies and put pressure on British Land, Hammerson and Segro - forme...

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