A spokeswoman for the company refused to comment on recent pressspeculation that Land Securities has appointed advisors to bid forthe parks, owned by retailer Kingfisher.But speculation in themarket is that a formal bid from the company will be made withindays.

Land Securities is unlikely to have a clear run. Scottishdeveloper Miller Properties is also said to be interested andindustry insiders expect offers from British Land and Hammerson,which recently acquired retail park specialist Grantchester for£252 million ($383 million).

Other bidders are likely to be Pillar Property and Capital &Regional, which recently formed a retail park fund with Morley FundManagement. Henderson Investors, the fund-management arm of AMP, isexpected to lead the charge of institutional bids for theassets.

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