Sainsbury’s is planning to raise £75m from property sales before the end of its financial year in March.
The supermarket retailer is selling the long-leasehold interests of principally Homebase stores through Gilbert Bath, with best bids submitted last Friday.
It is a thought that a range of property companies and retailers have expressed interest in buying them, with bidders including LXB, British Land, Insight Investment and Prudential.
References: Property Week 11/02/05 page 4
