Liberty International, the blue-chip property company that owns Lakeside, Thurrock and London’s Covent Garden market, is examining fund raising options including a rights issue to bolster its balance sheet.

The business, which is the UK’s biggest shopping centre landlord, is understood to be considering either a share placing or a rights issue, a move likely to take after place after February 2009, when the company normally announces its full-year results.

Bankers from Merrill Lynch are thought to be advising the company on the possible capital raising, with Goldman Sachs, Morgan Stanley and UBS being touted as potential bookrunners if the firm chooses to go ahead with a rights issue.

Daily Telegraph