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DMGT said it had reached an agreement on selling Genscape to Nasdaqlisted data analytics provider Verisk.
The group's strategy to improve the focus and performance of its asset portfolio is ongoing but in the interim, has increased DMGT's exposure to print.
DMGT manages a portfolio of companies, with total revenues of around GBP 1.5bn, that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment.
DMGT, owner of the Daily Mail, was first to make a disclosure.
DMGT which will take a 38.7% shareholding in Local World, says it will become one of the UK's leading regional newspaper publishers, online content providers and local advertising platforms, with more than 107 print titles and 60 websites.
Mike Rayner, development director at British Land, said the purchase of the DMGT site was a sign of "our confidence in the area" and "commitment to the wider regeneration of the Canada Water area".
dmg :: events is a wholly-owned subsidiary of the Daily Mail and General Trust plc (DMGT, www.dmgt.co.uk), one of the largest media companies in the United Kingdom.
A&N Media is the consumer media company of multi-channel media company DMGT plc.
DMGT said the outlook for the full year remains unchanged but shares still fell 5% or 21.3p to 423.3p.
Britain's Daily Mail and General Trust (DMGT) is holding a leadership gathering in the UAE capital, bringing together its senior management - including group chairman, Lord Rothermere (pictured), and group chief executive, Martin Morgan - as well as the group's key strategic advisors.
GLM AND PROVIDENCE EQUITY PARTNERS SIGNED an agreement last month whereby affiliates of Providence Equity Partners will acquire GLM from Daily Mail and General Trust (DMGT).
Elsewhere, analysts at broker Peel Hunt said DMGT, which publishes the Mail
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