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| Property
and JS Developments |
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| Our property division
is focused on enhancing
our store estate. As a
result of this focus we
announced in March 2003
our intention to sell
JS Developments, our project
based property development
company. We also continue
to look at ways of unlocking
value from our property
portfolio. We are redeveloping
our former Stamford Street
sites and in March 2003
announced the sale of
four remaining properties
on London’s South Bank
to Land Securities for
over £38 million. |
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