Activist investor group Laxey Partners is to press for Land Securities to dispose of its £1bn Trillium outsourcing business. Financial Times. The Sunday Times

Land Securities is undertaking a review of its business by bankers at Citigroup to decide whether to split itself up. Laxey believes Trillium is undervalued as part of the wider property group

Shares in LandSecs have since fallen by 30% since it became a REIT in January.

Laxey launched a similarly aggressive attack on British Land four years ago when the company’s shares were trading at an enormous discount to net asset value.