PropertyEU

British Land and Sainsbury's form £1.2bn jv

By A staff reporter 2008-03-26T00:00:00

British Land, the UK real estate investment trust (REIT), and retailer J Sainsbury have created a 50-50 property partnership incorporating 39 superstores across the UK with a valuation of £1.2 bn (EUR 1.5 bn). The superstores subject to the partnership agreement are currently owned by British Land and leased ...

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