SJ Berwin LLP Advises British Land on £56 Million Sainsbury's d

European law firm SJ Berwin LLP’s real estate division has advised long standing client British Land on the disposal of two Sainsbury’s supermarkets at Swindon and Surbiton to an undisclosed buyer for a combined total of £56 million.

The supermarkets were acquired from Sainsbury's several years ago as part of a sale and lease-back portfolio. The sales exchanged prior to the recent conclusion of the £1.2 billion joint venture between British Land and Sainsbury's in relation to 39 Sainsbury's stores, which SJ Berwin also acted upon, and were excluded from that transaction.

The SJ Berwin team was led by Jason Tann, assisted by Arshika Perry and a team led by Roger Wright of Freeth Cartwright advised the purchaser.

SJ Berwin has advised British Land on a long string of transactions dating back to the establishment of the practice. In the first quarter of 2008, SJ Berwin advised British Land on the sale of four Debenham’s department stores in Luton, Winchester, Hull and Staines and on the sale of Plantation Place South. This marked the final sale of the British Land Plantation Estate, after 1 Plantation Place was sold in 2006 for £527 million. SJ Berwin also advised on the sale of 1 Plantation Place.