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SAFE AS HOUSES

LAND Securities chief executive Francis Salway says the real estate company plans to raise £360m through a securitisation of an office let to the Home Office – the first deal of its kind since the credit crunch took hold of the market – signaling that investor appetite for commercial mortgage-backed securities (CMBS) may be returning. The deal relates to Sceptre Funding No1, the Home Office’s building at St Anne’s Gate.