PropertyEU

Sainsbury's acquires 24 UK stores for EUR 93m

By A staff reporter 2009-03-05T00:00:00

UK retailer Sainsbury's has acquired 24 stores from the Co-operative Group for £83 mln (EUR 93.3 mln), with a further £45 mln (EUR 50.6 mln) of fit-out costs being incurred. The 22 Somerfield branded stores and two Co-operative-branded stores in the UK have a net selling area of 22,000 m[sup]2[/sup]. ...

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