Land Securities confirmed that it has sold the White City retail park in Manchester for £85 mln. The UK's biggest commercial property company decided to sell the 23,968 m[sup]2[/sup] scheme, after it converted into a real estate investment trust (REIT). The buyer has not been disclosed, but it is rumoured that the property, anchored by the do-it-yourself company Homebase and electrical firm Currys, has been acquired by private investor Albert Gubay, founder of the Kwik Save discount supermarket chain.
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