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British Land off-loads 3 retail assets in £191M deal
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British LandCo. Plc sold three of its retail properties in the north of Englandto BMO Real Estate Partners for £191.0 million, Property Week reported.
The transaction covers the leasehold for the store in Manchester,as well as the freehold of both the Clifton Moor in York and the shop in Wakefield.The properties have a weighted average remaining lease term of 14 years.
Leon Partners was British Land's adviser for the transaction.