Saturday, January 19, 2008

U.K. Property Stocks May Surge

U.K. real estate stocks rose in London trading after a Morgan Stanley analyst said the group may gain at least 20 percent in the first half as the Bank of England cuts interest rates to avert a recession.

British Land Co., Europe's biggest real estate company by assets, Segro Plc, the U.K.'s largest owner of office parks, and Brixton Plc, the country's leading industrial landlord, all climbed more than 5 percent after Morgan Stanley raised its rating on the stocks.

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