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

affordable houses glasgow
Breaking News

Consistent support for apprenticeships helps construction

The Government has announced a £725 million package of reforms to the apprenticeship system, including £140m for a Mayoral pilot programme. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said: “The consistent messaging from politicians that apprenticeships should be valued as highly as degrees is fantastic and will be of great benefit…
Read More →
Christmas Decorations - Good or Bad for Selling
Estate Agent Talk

6 tips for a stress-free Christmas move

With an average of 87,000 home sales taking place during the month of December, Property DriveBuy has compiled practical advice for those due to complete this festive season, a time already known for being one of the busiest and most emotionally charged periods of the year. Despite this bringing the potential for a more stressful…
Read More →
new build homes colchester essex
Estate Agent Talk

Why 2026 could be the year the market turns

How policy, land and confidence will shape the recovery By Tim Foreman, Managing Director of Land and New Homes, LRG In property sales there are people who need to move and people who want to move. In the last few years, only those who have had to move have been active. Once conditions improve, those…
Read More →
Estate Agent Talk

Why Dumpster Rentals Simplify DIY Kitchen Demolition Projects

Taking on a DIY kitchen demolition project can be both exciting and overwhelming. Whether you’re updating your kitchen’s layout, replacing old cabinets, or knocking down walls, the demolition phase generates a significant amount of debris—everything from broken tiles and drywall to old cabinets and countertops. Managing this waste efficiently is crucial to keeping your project…
Read More →
Breaking News

Zoopla’s 2025 Year in Property: Rural dreams, fastest moving markets and an optimistic end to the year

It’s been a popular year for rural living, with a three-bed detached home in South-West Wales taking the top spot for the most viewed property. The average time to sell in 2025 was 38 days, up from 35 days in 2024. Three-bed terraced properties were the most popular property type. Falkirk in Scotland remains the…
Read More →
Christmas Decorations - Good or Bad for Selling
Breaking News

87,000 transactions set to complete in December

Here’s 6 tips for a stress-free Christmas move With an average of 87,000 home sales taking place during the month of December, Property DriveBuy has compiled practical advice for those due to complete this festive season, a time already known for being one of the busiest and most emotionally charged periods of the year. Despite…
Read More →