Pamela Anderson Eyes Property In UK

Pamela Anderson is drawing plans to buy houses in England after falling in love with the country during her last visit.

The former Baywatch star, who is presently living with her sons in a trailer park while her California home is being renovated, was said to be thinking of shelling out on two new properties.

“Pammy loves it in England and is looking at buying two houses, one in London and one by the sea,” said Toby St Just, her agent.

UKCIG Property News, Feburary 2010

UK property company Liberty to split its business

Liberty International ne of the UK's largest listed property companies, is to split its 2.8 billion pound ($4.45 billion) business in one of the biggest corporate restructurings in the UK real estate sector, the Financial Times reported in its Friday edition.

A spokesman for Liberty could not be reached for comment.

The company plans to divide its UK property portfolio into two listed companies, the FT said. Its shopping centres would be split off into a real estate investment trust (REIT) while its London properties would be run as a separate listed company, the report said, without citing sources. It said an announcement on the plan could be made as soon as this month.

The REIT would have a market capitalisation of more than 2 billion pounds and the London property company would have an initial value of about 1 billion pounds, the Financial Times said.


UKCIG News, Feburary 2010