Property sector lifted by Deutsche bank

Shares in British Land, Hammerson and Slough Estates could get a lift in opening deals after Deutsche bank lifted its ratings on the trio to ´buy´ from ´hold´ as it lifted its rating on the sector to´ neutral´ from ´underweight´, dealers said.

The German broker also lifted its recommendations on Great Portland Estates, Canary Wharf and Liberty International to ´hold´ from ´sell´ and maintained its ´hold´ ratings on Land Securities and Brixton.

The moves are driven by a change of sentiment in the market and the likely positive focus on the sector in the light of the ongoing discussions between the Treasury and the listed property sector about a potential tax efficient vehicle (REIT).

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