Sainsbury's and British Land sell 12 superstores to US firm for £492m
Property company cites poor UK retail market as reason for joint venture saleSainsbury’s and British Land have sold 12 superstores to a US property investment company for £492m, amid a struggling retail property market.The sale to San Diego-based Realty Income Corporation will give Sainsbury’s net proceeds of £133m. British Land’s Read more