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L&G completes Tesco sale and leaseback

Legal & General Property has completed the sale and leaseback of three Tesco stores in the Midlands for £46.6m.
By Helen Roxburgh
October 21, 2011 | 2:28 P.M.

The three stores in Quinton, Ludlow and Market Deeping are let to Tesco on new 20-year leases. The portfolio produces an initial rent of over £2.4m and has been bought on behalf of the Legal & General UK Property Unit Trust (PUT).

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