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

Fewer than 1 in 5 homebuyers find their perfect property

The latest research from Yopa has revealed that fewer than one in five homebuyers would describe the home they purchased as their “perfect property,” with outdoor space and overall size the most common compromises made during the buying process. The survey of recent homebuyers, commissioned by Yopa, found that 58% began their property search with…
Read More →
Breaking News

Average homebuyer travels 330 miles to find their ideal property

The latest research from The Property DriveBuy reveals that the average homebuyer travels 330 miles to find their ideal property when it comes to the distance between their current home and chosen location, as well as the miles clocked up in between viewings. The survey of UK homebuyers*, commissioned by The Property DriveBuy, found that,…
Read More →
Breaking News

Why first-time buyers should start the financial conversation early

Award-winning mortgage adviser, Alexander Hall, is encouraging the nation’s first-time buyers to open up about their finances this Talk Money Week, offering expert guidance on how to make these conversations more natural, productive, and stress-free. What is Talk Money Week? Talk Money Week is a national initiative created by the Money and Pensions Service (MaPS)…
Read More →
Breaking News

Breaking Property News 5/11/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Ordance survey and HMLR programme unveils its six new startups Property inspection app Survey Shack has been selected as one of only six startups forming part of the 21st cohort of the award-winning Geovation Accelerator Programme from Ordnance Survey (OS) and HM Land Registry (HMLR). The programme…
Read More →
Breaking News

Bonfire Night could cause £1,500 in property damages

New research from Adiuvo, the UK’s leading provider of 24/7 property management support, warns that Bonfire Night could cost renters an average of £1,475 in property damage if proper care is not taken, but that with a few simple safety checks in place, the much-loved evening of celebration and community can go off without a…
Read More →
Estate Agent Talk

Buying a Home? What you need to know about asbestos

Asbestos is a well-known issue in UK housing – but while it’s rightly treated with caution, it doesn’t need to cause alarm. With the right advice and professional guidance, it’s a manageable problem that shouldn’t stand in the way of purchasing a dream home. Used widely in construction until 1999, asbestos is often found in…
Read More →