Cases & Deals

British Land exchanges on disposal of £429 million (US$555 million) of Sainsbury's superstores

Clients British Land Company PLC, The

Jones Day advised The British Land Company PLC ("BL") on the disposal of 12 superstores held by a joint venture between BL and J Sainsbury PLC to Realty Income Corporation, an entity listed on the NYSE, for aggregate consideration of £429 million (US$555 million) (representing a net initial yield of 5.0%).

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