Land securities ''could split up'' - commercial mortgages

05 September 2007

Commercial property firm Land Securities is considering splitting up, reports have suggested, though the company itself has refused to confirm or deny the speculation.

Land Securities is currently the largest property firm in Europe but may demerge outsourcing firm Trillium, a report has revealed.

The company''s portfolio dwarfs those of all other commercial mortgage holders in the country, with the firm owning offices in London and a variety of developments, including major retail space, across other major cities in the UK, such as the Bull Ring shopping centre in Birmingham.

"It became evident to us... that we should test our current business structure against alternative options to ensure that we have the optimal structure," a Land Securities statement acknowledged.

"The review is well progressed and the company will provide a further update once the review has been completed and any decisions, as appropriate, have been made," it added.