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

Smaller deposits and higher LTVs mortgages drive FTB activity

Gen Z optimistic about homeownership in 2026 amid rising demand for cheaper homes, smaller deposits and higher LTVs Barclays data reveals that 22 per cent of first-time buyers purchased homes with deposits under £20,000 in December, up 8 percentage points year-on-year 44 per cent of first-time buyers opted for 85-90 per cent LTV mortgages in…
Read More →
Breaking News

Improved affordability provides boost to first-time buyers

Nationwide Housing Affordability Report Continued improvement in affordability helped support first-time buyer activity over 2025 Considerable variation in affordability remains across occupational groups, with affordability most challenging for people working in sales & customer service, but easier for those in managerial and professional roles Affordability most stretched in London and South of England, while North…
Read More →
Breaking News

UK rents fall for first time on record

Hamptons Monthly Lettings Index – December 2025 Rents end 2025 below where they started for the first timeon record. Rents in the capital return to 2023 levels as five of 11 GB regions see rents fall in 2025 Newly agreed rents dipped by 0.7% across Great Britain in 2025 – the first time rents fell…
Read More →
How to add value to your home
Breaking News

London boasts most slow-to-sell properties

The latest research from Yopa has found that while the housing market has shown signs of turning a corner since the Autumn Budget, sellers across the more inflated regions, in particular, are still struggling with slower market conditions, with almost one in five homes classed as slow-to-sell found in London. Yopa analysed current market listings…
Read More →
to let sign 2025
Breaking News

Rental availability rises 25%

Rental availability rises 25% in Q4, pointing to slower tenant movement New analysis from Inventory Base, a leading provider of inspection and compliance technology, reveals that rental availability in England increased by 25% in Q4 2025. While seasonality will have played a role, a 15.4% year-on-year rise suggests a larger-than usual build-up of available homes.…
Read More →
Estate Agent Talk

From loft insulation to lower interest rates: How energy efficiency really pays off

Homeowners could cut up to £2,000 a year from their energy bills this Energy Savers Week, by combining targeted home improvements with simple efficiency changes and, in doing so, they could improve their mortgage affordability by qualifying for a green mortgage – further boosting the savings on offer from taking a greener approach to homeownership.…
Read More →