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British Land sells UK town center site

British Land Co. PLC sold a 2.5-acre town center site in Walton-on-Thames, England, to Guild Living Ltd. for an undisclosed amount.

The site, subject to planning, is expected to deliver around 300 new homes for the local area.

Guild Living is the operator and developer of urban retirement communities of U.K.-based financial services group Legal & General Group PLC, which was advised by Knight Frank on the acquisition.