Tesco has announced it is to raise £445 mln (EUR 661 mln) by selling 16 of its stores to a 50/50 joint venture establishment with the British Airways Pension Fund. The move is part of a scheme unveiled in April last year to realise up to EUR 5 bn over five years through a property sale and leaseback programme.
PropertyEU has merged with IPE Real Assets and is now part of the IPE RA platform.
