• UK REIT sells supermarkets as it scales down retail ownershipApril 23, 2019
British Land has exchanged on the sale of 12 superstores from its joint venture with UK supermarket group Sainsbury’s for £429m, representing a net initial yield of 5.0%, to Realty Income Corporation. Its share of the proceeds will be £193.5m, representing a modest premium to September 2018 book value. This, said British Land, is the latest
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