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Rugby warns of battle for tenants

13 April 2012

RUGBY Estates chairman David Tye warned of 'cut-throat' times in the London office market as owners competed for tenants. 'I can see 2003 being quite a spongy market. We will have to find tenants from other buildings,' he said as he unveiled a quadrupling in first-half profits to £17.2m, largely because of the sale of the Covent Garden estate for £64m.

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