UK retailer Sainsbury's said in an interim statement on Thursday that it has sold the freehold of two stores in the UK for a total of £86 mln (EUR 95 mln). The transactions reflect a yield of 5.5%. The retail giant said that the sales are in line with its programme of disposing of fully developed trading stores. The buyer was not disclosed.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
