Land Securities, the largest real estate investment trust (REIT) in the UK, confirmed on Wednesday that it plans to split into three separate listed companies: retail, London and outsourcing. Land Securities has investment property assets valued at £15 bn (EUR 21.2 bn) but its shares, like those of its peers, have fallen sharply since major UK property companies converted to tax-efficient REIT status at the beginning of 2007. Land Securities' shares have dropped over 30% since January.
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