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LONDON-UK electronic information group Reuters has appointed investment bankers to review ways of rationalising its London offices to release capital.

Options being considered by NM Rothschild include the sale of Reuters’ flagship Fleet Street building. The move could bring in £100m ($154m) especially if the offices were converted into a residential development.

Alternatively, Reuters could do a package sale and leaseback on all of its buildings similar to the ones that national retailers like Marks & Spencer and Safeway have undertaken.

Reuters owns the freehold on a number of offices including one in St Brides office, a Docklands technical centre, a Wapping development and a editorial base in Gray’s Inn.

The review will also look at outsourcing property functions and sub-letting of empty office space.

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