"A demerger would make sense, but potential benefits are already largely priced in the stock," JPMorgan Chase & Co. analyst Harm Meijer said in a note to investors yesterday. Liberty raised 873 million pounds ($1.3 billion) in two share sales last year to cut debt and fund investment in malls and London projects at Covent Garden and Earls Court Olympia. 
Share:  <span class="sent">"A demerger would make sense, but potential benefits are already largely priced in the stock," JPMorgan Chase & Co. analyst <span class="analyst">Harm Meijer</span> said in a note to investors yesterday.</span> <span class="company">Liberty</span> raised 873 million pounds ($1.3 billion) in two share sales last year to cut debt and fund investment in malls and London projects at Covent Garden and Earls Court Olympia. Tweet this 

Liberty International, the UK's largest shopping mall owner, is in talks to sell its $560m (£368m) US shopping centre business to a Miami based real estate investment trust as the next step in its planned demerger.Liberty is in advanced talks with Equity 
Share:  <span class="sent">Liberty International, the UK's largest shopping mall owner, is in talks to sell its $560m (£368m) US shopping centre business to a Miami based real estate investment trust as the next step in its planned demerger.</span>Liberty is in advanced talks with Equity Tweet this 

Liberty International, the UK's largest shopping mall owner, is in talks to sell its $560m (£368m) US shopping centre business to a Miami based real estate investment trust as the next step in its planned demerger.Liberty is in advanced talks with Equity 
Share:  <span class="sent">Liberty International, the UK's largest shopping mall owner, is in talks to sell its $560m (£368m) US shopping centre business to a Miami based real estate investment trust as the next step in its planned demerger.</span>Liberty is in advanced talks with Equity Tweet this 

"We continue to explore tax efficient solutions to exit our US business over time," London based Liberty said in an e mailed statement today Liberty, the third largest UK real estate investment trust, is considering splitting in two to offer investors a choice between shopping malls and London properties Selling the US business "makes a lot of sense," said Harm Meijer , an analyst at JPMorgan Chase & Co with an "underweight" rating on the stock "It doesn't fit in terms of strategy and is in a different country" 
Share:  "We continue to explore tax efficient solutions to exit our US business over time," London based <span class="company">Liberty</span> said in an e mailed statement today <span class="company">Liberty</span>, the third largest UK real estate investment trust, is considering splitting in two to offer investors a choice between shopping malls and London properties<span class="sent"> Selling the US business "makes a lot of sense," said <span class="analyst">Harm Meijer</span> , an analyst at JPMorgan Chase & Co with an "underweight" rating on the stock</span> "It doesn't fit in terms of strategy and is in a different country"..."We continue to explore tax efficient solutions to exit our US business over time," London based <span class="company">Liberty</span> said in an e mailed statement today <span class="company">Liberty</span>, the third largest UK real estate investment trust, is considering splitting in two to offer investors a choice between shopping malls and London properties<span class="sent"> Selling the US business "makes a lot of sense," said <span class="analyst">Harm Meijer</span> , an analyst at JPMorgan Chase & Co with an "underweight" rating on the stock</span> "It doesn't fit in terms of strategy and is in a different country" To contact the reporter on this story: Peter Woodifield in Edinburgh at pwoodifield@bloombergnet Tweet this 

Net asset value rose 18 percent to 438 pence per share British Land, which owns half of the Broadgate office complex in the City of London, has about 1 billion pounds to invest after selling shares and assets The company is competing with other REITs and funds as a limited supply of available properties fuels price increases Values fell by almost 50 percent in the two years following the market's mid 2007 peak "As the company has close ties with banks, we see a high chance of acquisitions coming through in 2010," Harm Meijer , a London based analyst with JPMorgan Chase & Co, said in a Feb 2 note to investors 
Share:  Net asset value rose 18 percent to 438 pence per share <span class="company">British Land</span>, which owns half of the Broadgate office complex in the City of London, has about 1 billion pounds to invest after selling shares and assets The company is competing with other REITs and funds as a limited supply of available properties fuels price increases Values fell by almost 50 percent in the two years following the market's mid 2007 peak<span class="sent"> "As the company has close ties with banks, we see a high chance of acquisitions coming through in 2010," <span class="analyst">Harm Meijer</span> , a London based analyst with JPMorgan Chase & Co, said in a Feb 2 note to investors</span>...<span class="sent">"As the company has close ties with banks, we see a high chance of acquisitions coming through in 2010," <span class="analyst">Harm Meijer</span> , a London based analyst with JPMorgan Chase & Co, said in a Feb 2 note to investors</span> <span class="company">British Land</span> may spend 500 million pounds on properties this year, he estimated Tweet this 

Agence France Presse/Getty Images Shoppers line up on Christmas Eve at Central London's Covent Garden, part of Liberty's CapCo unit JP Morgan analyst Harm Meijer said the demerger makes sense because specialized and smaller operations tend to do generate better returns for shareholders He added that the focused London portfolio looks attractive but a focused retail company less so 
Share:  Agence France Presse/Getty Images Shoppers line up on Christmas Eve at Central London's Covent Garden, part of <span class="company">Liberty</span>'s CapCo unit<span class="sent"> JP Morgan analyst <span class="analyst">Harm Meijer</span> said the demerger makes sense because specialized and smaller operations tend to do generate better returns for shareholders</span> He added that the focused London portfolio looks attractive but a focused retail company less so Tweet this 

Agence France Presse/Getty Images Shoppers line up on Christmas Eve at Central London's Covent Garden, part of Liberty's CapCo unit JP Morgan analyst Harm Meijer said the demerger makes sense because specialized and smaller operations tend to do generate better returns for shareholders He added that the focused London portfolio looks attractive but a focused retail company less so 
Share:  Agence France Presse/Getty Images Shoppers line up on Christmas Eve at Central London's Covent Garden, part of <span class="company">Liberty</span>'s CapCo unit<span class="sent"> JP Morgan analyst <span class="analyst">Harm Meijer</span> said the demerger makes sense because specialized and smaller operations tend to do generate better returns for shareholders</span> He added that the focused London portfolio looks attractive but a focused retail company less so Tweet this 

"The board will only be in a position to decide whether to proceed or not once it has progressed these matters further," it said At 0930 GMT, Liberty shares traded up 5 pence, or 11%, at 458 pence, making it one of the top gainers in a FTSE 100 Index down 1% JP Morgan analyst Harm Meijer said the demerger makes sense because specialized and smaller operations tend to do generate better returns for shareholders He added that the focused London portfolio looks attractive but a focused retail company less so 
Share:  "The board will only be in a position to decide whether to proceed or not once it has progressed these matters further," it said At 0930 GMT, <span class="company">Liberty</span> shares traded up 5 pence, or 11%, at 458 pence, making it one of the top gainers in a FTSE 100 Index down 1%<span class="sent"> JP Morgan analyst <span class="analyst">Harm Meijer</span> said the demerger makes sense because specialized and smaller operations tend to do generate better returns for shareholders</span> He added that the focused London portfolio looks attractive but a focused retail company less so Tweet this 

Among traders, confidence in the property recovery also appears to waning for the first time since the trough of last March After gaining 135pc from March to New Year's Eve, Segro has fallen 8pc since then, while Liberty is down 11pc, British Land 10pc, Hammerson 9pc, and Land Securities 5pc However, Mr Prew's pessimism is not shared by all Harm Meijer, an analyst at JP Morgan, believes that "boring" companies will be the most attractive this year The companies themselves, with decades of experience in the UK, are speaking with confidence 
Share:  Among traders, confidence in the property recovery also appears to waning for the first time since the trough of last March After gaining 135pc from March to New Year's Eve, Segro has fallen 8pc since then, while Liberty is down 11pc, <span class="company">British Land</span> 10pc, Hammerson 9pc, and Land Securities 5pc However, Mr Prew's pessimism is not shared by all<span class="sent"> <span class="analyst">Harm Meijer</span>, an analyst at JP Morgan, believes that "boring" companies will be the most attractive this year The companies themselves, with decades of experience in the UK, are speaking with confidence</span> Tweet this 

Among traders, confidence in the property recovery also appears to waning for the first time since the trough of last March After gaining 135pc from March to New Year's Eve, Segro has fallen 8pc since then, while Liberty is down 11pc, British Land 10pc, Hammerson 9pc, and Land Securities 5pc However, Mr Prew's pessimism is not shared by all Harm Meijer, an analyst at JP Morgan, believes that "boring" companies will be the most attractive this year The companies themselves, with decades of experience in the UK, are speaking with confidence 
Share:  Among traders, confidence in the property recovery also appears to waning for the first time since the trough of last March After gaining 135pc from March to New Year's Eve, <span class="company">Segro</span> has fallen 8pc since then, while Liberty is down 11pc, British Land 10pc, Hammerson 9pc, and Land Securities 5pc However, Mr Prew's pessimism is not shared by all<span class="sent"> <span class="analyst">Harm Meijer</span>, an analyst at JP Morgan, believes that "boring" companies will be the most attractive this year The companies themselves, with decades of experience in the UK, are speaking with confidence</span> Tweet this