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Tesco Buys Out Joint Venture Partner British Land

March 20, 2015: 12:00 AM EST
Tesco bought out British Land's stake in their joint venture covering 21 superstores. Part of Tesco's efforts to built up its core UK business, the deal will see the retailer giving up its stake in three shopping centers, three retail parks, and three standalone stores. Also, as part of the agreement, Tesco will receive £96 million from British Land.
"Tesco refocuses on its core business with 21 store transaction", Tesco, March 20, 2015, © Tesco
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