React News: Tesco buys out partner from £500m joint venture.
In its trading update last week, Tesco announced they have acquired 7 more supermarket properties currently under a legacy partnership structure.
The UK grocery property market has one unusual and possibly unique feature. The major tenants in the sector can also be the largest buyers.
The company now just have five UK JVs in place, from a peak of 13 in 2015.