Sainsbury’s in talks to sell off £500m store portfolio

Sky News has reported that the sites are estimated to be valued at £500m, with LXi REIT being valued at an estimated £2.5bn

J Sainsbury, the supermarket chain, is in talks to offload a portfolio of prime retail sites to a London-listed real estate investor LXi REIT for an estimated £500m, according to Sky News.

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