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M&G ties up with Asian investor for £237m Tesco superstores stake buy

M&G Real Estate has formed a partnership with an Asian institutional investor to acquire a 70% stake in the long leases of three Tesco superstores with a combined market value of £237m.
CoStar News
May 10, 2013 | 5:01 P.M.

The deal involves the purchase of units in a Jersey Property Unit Trust, which owns the portfolio of properties currently controlled by Tesco Pension Fund. The pension fund will retain a 30% interest.

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