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Local Shopping may sell up

Local Shopping Reit (LSR) has launched a no-options-barred review of its business, with a sale of its portfolio or the whole operation on the cards. The company's share price has declined continually this year and now trades at just over half underlying net asset value, even as its large-cap peers have bounced strongly. And LSR's bosses have concluded that the market is telling them to do something.

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By Stephen Wilmot,
13 November 2012

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