Northern Ireland

Tesco sells 50% stake in Lisnagelvin shopping centre, Derry

Tesco has sold its 50% stake in the Lisnagelvin shopping centre in Londonderry.

It is part of a wider deal with the property firm British Land.

The deal will see the supermarket chain regain sole ownership of 21 superstores across the UK.

In return, British Land will take over Tesco's stake in three shopping centres, three retail parks and three stand-alone stores.

Lisnagelvin is a 100,000 sq ft retail scheme anchored by a 60,000 sq ft Tesco and a 25,000 sq ft Primark.

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