THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Tesco raises £300 million from sale and lease back deal in South Korea

Tesco has completed a deal to unlock value from its international property portfolio.

GENERAL MERCHANDISE

Tesco raises £300 million from sale and lease back deal in South Korea

The supermarket has agreed a sale and leaseback transaction for four Homeplus stores in South Korea which operate as part of Tesco's wholly owned subsidiary Homeplus Co. Ltd.

The deal comprises the Homeplus stores and accompanying mall space, with total gross proceeds in excess of £300 million.

Tesco concluded the transaction with a consortium of investors led by IGIS Asset Management, a local leader in retail property investment.

Homeplus in South Korea is Tesco's most successful international business with revenue of over £5 billion in 2011/12.  The business operates more than 450 stores and employs over 27,000 people.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing