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)
Related news
Tesco is introducing cheaper own-brand products in its Expressz stores
Tesco is introducing cheaper own-brand products in its Expressz stores…
Read more >Tesco is making good progress with the sustainability project
Tesco is committed to sustainable operations and has set ambitious…
Read more >It was revealed how much Tesco’s first person earns
The CEO of Tesco, Ken Murphy, will receive a record…
Read more >Related news
In 2023, SPAR realized a turnover of over HUF 1 billion
SPAR Hungary achieved a turnover of HUF 1,023.2 billion in…
Read more >Primark’s first domestic store will open in a month
Primark will open its doors at 10 a.m. on May…
Read more >Heineken achieved strong volume growth in the first quarter
Heineken, the world’s second largest beer producer, achieved a 4.7%…
Read more >