British Land sells off £429 million of Sainsbury’s Superstores

April 24, 2019

In a deal to appease the current brutal retail sector here in the UK, British Land has agreed to sell 12 Sainsbury’s superstores in order to tackle its sizeable retail assets and get the total that it owns down to 30% of their portfolio.

The purchase is coming in from Realty Income Corporation who are an American property investment firm. British Land has so far released £1 billion of retail assets since last April with further sales alongside Debenhams and Spirit Pubs to come.

British Land is said to be focusing its future investments within London office space and also the build to rent sector – They have been quoted as saying: “We have a clear view of the value of our assets and despite the clear challenges currently in the retail market, we remain opportunistic and proactive.”

Full story can be read on the This Is Money website.

EAN Breaking News

Breaking News from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Breaking News

Zoopla – Price gap between houses and flats at 30 year high

Price gap between houses and flats at 30 year high with buyers favouring houses as the housing market continues positive start to 2025   All key measures of market activity have posted double-digit growth with new sales agreed, running 10  per cent higher than a year ago The annual rate of house price growth edged…
Read More →
Marketing

How to use TikTok: Estate / Letting Agents

Even if you have yet to use it, or you assume it to be one of those social media platforms for youngsters, you will have most certainly heard of TikTok. The brand has certainly been hitting the headlines in recent months with much negatives thrown at it, from accusations of providing user data to the…
Read More →
Marketing

How to Grow your Estate Agency Online

Believe it or not, many younger professionals now working in estate agency were born into the world of both the internet and social media… Those buying, selling and renting will also likely to have arrived in the era of the internet and some will have grown up with Youtube, Instagram and Facebook. Those born between…
Read More →
Estate Agent Talk

Study reveals the top ten renovation projects Brits are planning this spring 

Kitchens are the most searched-for home renovation in the UK, with an average of 19,926 monthly queries. Bathrooms rank second, with 13,459 average monthly searches. Conservatories and sunrooms round out the top 10 most-searched home improvements ahead of spring.   As spring approaches, Brits everywhere start rejoicing. Flowers start blooming, temperatures get warmer, and the…
Read More →
Estate Agent Talk

Attracting the Right Buyers: Digital Strategies for Real Estate Agencies

Okay, let’s talk approximately how real property companies have promoted houses in recent times. It’s not as adored as it used to be! They cannot just place up a signal and expect human beings to be exposed. We stay in a virtual world, and that means they want to use smart online strategies to locate…
Read More →
Estate Agent Talk

5 Reasons to Invest in an Airbnb on the Isle of Wight

The Isle of Wight is one of the UK’s most beloved holiday destinations, offering stunning coastal views, historic sites, and a relaxed island lifestyle. With the rise of staycations and the increasing popularity of short-term rentals, investing in an Airbnb on the Isle of Wight presents a lucrative opportunity. Whether you’re a seasoned property investor…
Read More →