British Land cuts retail exposure with €495m UK superstore sell-off

By Gordon Darroch 2019-04-23T00:00:00

British Land is reducing its stock of UK food superstores to six.

UK REIT British Land has taken a major step towards rebalancing its portfolio by selling 12 superstores from its joint venture with Sainsbury's for £429 mln (€495 mln).

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