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Davidson sells £253m stake to British Land

Property investor and Tory party donor Manny Davidson has sold his half share in retail park owner BL Davidson for £253m to joint venture partner British Land.

It is believed BL had been trying to persuade Davidson to sell his family’s 50% stake in BL Davidson for some time.

References: Daily Telegraph 24/06/06 page 27, The Times Business 24/06/06 page 50, The Independent 24/06/06 page 51

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