Tesco has announced it is to raise £445 mln (EUR 661 mln) by selling 16 of its stores to a 50/50 joint venture establishment with the British Airways Pension Fund. The move is part of a scheme unveiled in April last year to realise up to EUR 5 bn over five years through a property sale and leaseback programme.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
