Tesco, British Land unveil £650m joint venture

By A staff reporter 2007-03-21T00:00:00

British retail giant Tesco has teamed up with UK's second largest property company British Land in a £650 mln (EUR 956 mln) sale and leaseback joint venture. The partnership involves 21 Tesco superstores, or about 3% of the total. Tesco aims to release value to fund its growth strategy.

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