US Duo Lead on £429M Sainsbury's Store Sale
British Land and Sainsbury's have sold a portfolio of 12 superstores to a U.S. property trust.
April 24, 2019 at 05:19 AM
2 minute read
U.S. firms Jones Day and Gibson Dunn have taken lead roles on the sale of 12 Sainsbury's superstores for £429 million.
Real estate investment trust giant British Land owns the stores via a joint venture with Sainsbury's, and is divesting its portfolio through the sale to U.S. real estate investment trust Realty Income Corporation.
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