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B&B to sell and lease back 30 branches

Bradford & Bingley is to sell and leaseback 30 of its 500 branch network properties, as part of a move to rationalise its property portfolio that could raise £30m.

Selling and leasing back the properties will release capital while improving the flexibility of the company&#39s real estate liabilities. Bradford & Bingley says it does not intend to close any branches on account of the deal.

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