British Land in talks for $380m sale to Realty Income

Property developer British Land is considering selling a number of its assets to U.S. real estate group Realty Income, reports say.

The sales price is estimated to be £300 million (€348 million/$380 million).

The potential sale includes a portfolio of six London-based data centers and offices as well as three shopping centers.

Realty first entered the U.K. market in 2019, when it entered a joint ownership with British Land of 12 Sainsbury's supermarkets for £429 million (€498 million/$543 million).