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British Land to sell Sainsbury's London superstore at record yield

British Land is in talks to sell a Sainsbury’s superstore in South Woodford for close to £40m and reflecting a record yield of less than 4%, as investor demand for supermarket assets heats up.
By Kasmira Jefford
October 17, 2017 | 5:38 P.M.

LaSalle Investment Management, on behalf of a client, is close to exchanging on the 74,000 sq ft supermarket, which is let to Sainsbury’s on a new 25-year lease. The building is located close to South Woodford Underground station on George Lane in North East London.

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