British Land, the UK real estate investment trust (REIT), and retailer J Sainsbury have created a 50-50 property partnership incorporating 39 superstores across the UK with a valuation of £1.2 bn (EUR 1.5 bn). The superstores subject to the partnership agreement are currently owned by British Land and leased to Sainsbury's for 20 years.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
