Tesco is bidding to unlock hundreds of millions of pounds from its Asian property empire. Its Thai subsidiary, Tesco Lotus, is looking to raise more than £300m via an initial public offering for a new property fund secured against 15 of its hypermarkets in Thailand.
More than 200 youngsters learning skills on Tesco s property apprentice scheme completed their first year of training this week. The scheme was set up last year. Tesco partners with almost 50 construction businesses to provide skills over courses lasting up to four years.
Tesco has announced another sale and leaseback deal, in the latest move by the supermarket giant to unlock cash from its vast property estate. The UK s largest retailer has sold its distribution facility in Harlow to London Stamford Property for 22.9m.
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