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Saturday, June 20, 2009

Landbank looks to capitalise on distressed market

Landlords looking to invest in a housing recovery without buying more property may want to look out for a new company coming to the market which is looking at buying residential land from distressed sellers.

Landbank hopes to float on AIM in July with between £150m-£250m, will look to acquire land at the bottom of the cycle, increase its value through the planning process, then sell back into a recovering residential market.

For more details see the FT.

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