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Barratt considers sale of commercial property arm
11/04/2008
One of the UK’s largest housebuilders, Barratt Developments, is mulling a £250m sale of its commercial property division, Wilson Bowden Developments. The sale would reduce the debt generated as a result of the £2.2bn acquisition of rival, Wilson Bowden, last year.The business have appointed Jones Lang LaSalle Corporate Finance to assist with the sale of the division, which is expected to be put on the market in the next month or so.Wilson Bowden Developments, which specialises in town centre regeneration as well as office and industrial development in the UK, is not seen as a core concern for Barratt. This is due to commercial property going through a difficult time with falling capital values and uncertainty over occupation.

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