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(From Legal Week)
Byline: Sofia Lind
Berwin Leighton Paisner (BLP) and Allen & Overy (A&O) have taken the top roles on a GBP1bn sale and leaseback agreement for Tesco.
The deal, valued at GBP958m in total, saw BLP advise regular client Tesco on the transaction, which covers 41 of the supermarket's UK stores.
A&O acted for banking clients Goldman Sachs and HSBC, which were the lead managers and joint lead arrangers on the deal.
The property securitisation deal was the latest phase of Tesco's ongoing programme to release value from its UK property portfolio, which has seen both A&O and BLP win mandates in the past.…