Syrian-born property tycoon Simon Halabi is reportedly planning to float a REIT that could have up to £2.5bn of assets. Halabi has started negotiations with investment banks to sell a stake in his real estate holdings, the Financial Times reported. His Pratractor portfolio includes the UK headquarters of JP Morgan and other famed buildings in London's financial district. Halabi, who is included in Forbes' top-five list of Britain's richest men, is also one of the final bidders for Merrill Lynch's London headquarters, expected to sell for £600 mln.
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