British retail giant Tesco has teamed up with UK's second largest property company British Land in a £650 mln (EUR 956 mln) sale and leaseback joint venture. The partnership involves 21 Tesco superstores, or about 3% of the total. Tesco aims to release value to fund its growth strategy.
Finnish real estate manager Sirius Capital Partners, through a recently formed affiliate, has purchased a portfolio of four residential buildings in Helsinki, Finland.
