PROPERTY group Land Securities was yesterday reported to be considering a potential break-up of the company to revive its share price.
Chairman Paul Myners is understood to have ordered a review of the firm, which has sites in Newcastle, Gateshead and Sunderland.
It could lead to a possible break-up and demerger of its property management business, Trillium, according to a national newspaper.
The group, which converted to a tax-efficient real estate investment trust at the start of the year, has seen its shares slide from 2340p in January to 1619p in late July.
Land Securities is the UK's biggest property firm. At the end of March, it had a £14.8bn portfolio. The firm yesterday declined to comment.
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