Tesco has announced the latest in a series of sale and leaseback arrangements designed to free up cash from its vast property portfolio.
The supermarket has sold 10 existing stores and one further site under development in a deal worth at least £450m.
It marks the fifth such sale by Tesco since 2009, with the previous four deals having released funds totalling £2.6bn.
Yesterday new data from Kantar Worldpanel revealed that Tesco’s market share had fallen below 30% for the first time since May 2005.
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