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Land Securities Nets $447M In Sale of UK Retail Space Stake

By Kaitlin Ugolik (August 13, 2014, 2:20 PM EDT) -- Land Securities Group, the United Kingdom's largest real estate investment trust, has agreed to sell its 50 percent stake in the Cabot Circus shopping center, Quakers Friars and other nearby retail properties in Bristol, England, to AXA Real Estate for £267.8 million ($447 million), the REIT announced Wednesday....

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