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  3. Sainsbury's Share Price
  4. Sainsbury's Share Regulatory News
  5. Property Transaction Update

Pin to quick picksSainsbury's Regulatory News (SBRY)

Sainsbury's Information

Share Price Information for Sainsbury's (SBRY)

London Stock Exchange
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Share Price: 277.20
Bid: 277.40
Ask: 277.60
Change: -1.80 (-0.65%)
Spread: 0.20 (0.072%)
Open: 279.00
High: 279.80
Low: 274.60
Prev. Close: 279.00
SBRY Live PriceLast checked at -

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Property Transaction Update

26 Sep 2022 07:06

RNS Number : 5910A
Sainsbury(J) PLC
26 September 2022
 

26th September 2022

J Sainsbury plc

 

Property transaction update

 

Sainsbury's announced on September 21st that it was in discussions to sell 18 supermarket stores to LXi REIT plc on a sale and leaseback basis.

 

LXi REIT has this morning announced that given current stock market volatility it is not proceeding with the share issue that would have part-funded the transaction. Hence we are no longer in discussions to sell these stores to LXi REIT. This will have no impact on our financial guidance.

 

We stated on September 21st that if the LXi transaction were to proceed, the cash received from this transaction would have been used to part-fund the purchase of 21 freehold Sainsbury's supermarkets from the Highbury and Dragon portfolios.

 

The purchase of these 21 stores will complete in the first half of the financial year to March 2024. Given the strength of the Sainsbury's balance sheet and property portfolio, we have a wide variety of alternative options to finance this transaction.

 

ENDS

 

Enquiries

 

Investor Relations Enquiries Media Enquiries

James Collins +44 (0) 20 7695 7112 Rebecca Reilly +44 (0) 20 7695 7295

 

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Date   Source Headline
31st Aug 20169:28 amBUSForm 8.3 - J Sainsbury Plc
30th Aug 20163:23 pmBUSForm 8.3 - J Sainsbury
30th Aug 20163:20 pmRNSForm 8.3 - J Sainsbury PLC
30th Aug 20163:20 pmRNSForm 8.3 - J Sainsbury PLC
30th Aug 20163:00 pmRNSForm 8.3 - J Sainsbury Plc
30th Aug 20162:59 pmBUSForm 8.3 - J Sainsbury Plc
30th Aug 20162:58 pmBUSForm 8.3 - J SAINSBURY PLC
30th Aug 20162:52 pmRNSForm 8.3 - J Sainsbury Plc
30th Aug 20162:45 pmRNSForm 8.3 - Sainsbury Plc
30th Aug 20162:43 pmRNSForm 8.3 - J Sainsbury Plc
30th Aug 20161:55 pmRNSForm 8.3 - J Sainsbury Plc
30th Aug 20161:37 pmRNSForm 8.3 - [J Sainsbury plc]
30th Aug 20161:26 pmRNSForm 8.5 (EPT/RI)Replacement J Sainsbury Plc
30th Aug 20161:13 pmRNSRule 2.10 Announcement
30th Aug 201612:56 pmRNSForm 8.3 - Sainsbury(J) PLC
30th Aug 201611:35 amRNSForm 8.5 (EPT/RI)
30th Aug 201611:32 amRNSForm 8.3 - J SAINSBURY PLC
30th Aug 201611:12 amRNSForm 8.5 (EPT/RI)
30th Aug 201611:07 amRNSForm 8.3 - J Sainsbury Plc
30th Aug 201610:32 amBUSForm 8.3 - J Sainsbury Plc - Ordinary shares
30th Aug 201610:30 amRNSForm 8.5 (EPT/RI)J Sainsbury Plc
30th Aug 20169:36 amRNSForm 8.3 - Sainsbury Plc
30th Aug 20167:00 amRNSForm 8.3 - SAINSBURY (J) PLC
30th Aug 20167:00 amRNSForm 8.3 - J SAINSBURY PLC
30th Aug 20167:00 amRNSForm 8.5 (EPT/RI)J Sainsbury Plc
30th Aug 20167:00 amRNSForm 8.5 (EPT/RI)J Sainsbury Plc
30th Aug 20167:00 amRNSForm 8.5 (EPT/RI)J Sainsbury Plc
30th Aug 20167:00 amRNSForm 8.5 (EPT/RI)Home Retail Group Plc
30th Aug 20167:00 amRNSForm 8.5 (EPT/RI)Home Retail Group Plc
26th Aug 20163:55 pmRNSForm 8.3 - SAINSBURY (J) PLC
26th Aug 20163:55 pmRNSForm 8.5 (EPT/RI)Replacement J Sainsbury Plc
26th Aug 20163:29 pmRNSForm 8.3 - Sainsbury J Plc
26th Aug 20163:20 pmRNSForm 8.3 - J Sainsbury PLC
26th Aug 20163:05 pmRNSForm 8.5 (EPT/RI)Replacement J Sainsbury Plc
26th Aug 20163:05 pmRNSForm 8.5 (EPT/RI)Replacement J Sainsbury Plc
26th Aug 20163:02 pmRNSForm 8.5 (EPT/RI)Replacement Home Retail Group Plc
26th Aug 20163:02 pmRNSForm 8.5 (EPT/RI)J Sainsbury Plc
26th Aug 20163:00 pmRNSForm 8.3 - J Sainsbury Plc
26th Aug 20162:47 pmRNSForm 8.3 - Sainsbury Plc
26th Aug 20162:37 pmBUSForm 8.3 - J SAINSBURY PLC
26th Aug 20162:23 pmBUSForm 8.3 - J Sainsbury Plc
26th Aug 20162:10 pmRNSRule 2.10 Announcement
26th Aug 20161:49 pmRNSForm 8.3 - J Sainsbury Plc
26th Aug 20161:47 pmRNSForm 8.3 - J Sainsbury Plc
26th Aug 20161:35 pmRNSForm 8.3 - J SAINSBURY PLC
26th Aug 201611:26 amRNSForm 8.5 (EPT/RI)
26th Aug 201611:26 amRNSForm 8.5 (EPT/NON-RI)
26th Aug 201611:17 amRNSForm 8.5 (EPT/RI)
26th Aug 201610:46 amRNSForm 8.3 - J Sainsbury Plc
26th Aug 201610:35 amRNSForm 8.5 (EPT/RI)J Sainsbury Plc
8910111213141516

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