PropertyEU

British Land sells EUR 148m of UK foodstores

By A staff reporter 2012-09-21T00:00:00

UK REIT British Land has sold seven foodstores jointly held with Tesco and Sainsbury's for £118 mln (EUR 148 mln) to institutional purchasers at net initial yields of between 4.95% and 5.7%, in line with March valuations.

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