UK's Sainsbury's in talks to sell £500m store

), also stated that an agreement was reached on the purchase price Shop from Highbury and Dragon Investment Vehicles. It did not disclose the price but said the deal would close in the first half of the fiscal year ending in March 100. If the LXi REIT transaction proceeds, the cash received from it will partially fund Highbury A deal with the dragon, Sainsbury said. Both deals will result in Sainsbury’s proportion of leasehold and freehold supermarkets remaining roughly the same, but with ownership and leasehold structures reflecting better It said the current market conditions and priorities of the group. Sainsbury’s Shares rose 1.8 percent at 100 GMT, Meanwhile in LXi the REIT rose 2.6%. ($1=0.400 lb)