British Land exchanges on disposal of £429 million of Sainsbury's superstores

Client(s) British Land Company PLC, The

Jones Day advised The British Land Company PLC ("BL") on the disposal of 12 superstores held by a joint venture between BL and J Sainsbury PLC to Realty Income Corporation, an entity listed on the NYSE, for aggregate consideration of £429 million (representing a net initial yield of 5.0%).