Tesco to sell some of its lands

The Tesco, Britain's biggest retailer, has started the process to sell-off land from abandoned supermarket development projects, seeking to raise cash to help to finance its recovery plan under its new boss.

The group said on Monday that it had appointed real estate adviser Savills to market six British sites, at Wolverhampton, Birmingham, Burton-on-Trent, Leeds, Doncaster and in the West Midlands.
The company said in January that it would close 43 unprofitable stores and abandon 49 planned developments. (portfolio.hu)