UK property group Land Securities issued an upbeat assessment of its future trading prospects in a third quarter statement on Tuesday. The largest real estate investment trust in the UK said that it had made good profits out of recent building sales and announced that it plans to take advantage of the downturn in the property market with a war chest of at least EUR 670 mln (£500 mln). Plans for a three-way demerger of its holdings are also proceeding.
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