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Grand Theft Auto V is coming this Spring to PlayStation 3 and Xbox 360.

After rumour and speculation have torn through the Internet like wildfire through 17th century London - Rockstar have announced the highly anticipated Grand Theft Auto V is expected to be released Spring 2013.

Coined as the largest and most ambitious titles in the series to date, Grand Theft Auto V is being developed by series creator Rockstar North. We're told the sprawling city of Los Santos will be a world of unprecedented scale and detail bursting with life, from mountaintops to the depths of the ocean.

"Grand Theft Auto V builds on everything we've learned about open world game design," said Sam Houser, Founder of Rockstar Games. "We can’t wait to share it with fans."

Pre-orders will be available from November 5, 2012, from most video game retailers.

Check out the trailer below.