Tesco to sell some of its lands

By: trademagazin Date: 2015. 03. 31. 11:21

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.

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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)