LONDON-A joint venture between J Sainsbury plc and Land Securities, the harvest limited partnership, has closed the sale of the existing Sainsbury's store site measuring 79,000 square feet in Wandsworth, London. Prupim has purchased the site for GBP 51 million.
The site will be redeveloped to include another 28,000 square feet of food store with a 120-bed inn and a 21,000-square-foot retail unit. The construction work will start in January 2012. The expanded Sainsbury's and the additional retail unit will be opened in March 2013. For the full story, go to PropertyMall .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
