Columbia Threadneedle has slashed its exposure to food wholesaler Booker by selling off warehouses let to the company ahead of its controversial proposed £3.7bn merger with Tesco. The institutional investor has struck deals with buyers including Legal & General and Palmer Capital to sell a number of properties including 11 Booker warehouses. The largest deal was with L&G, which bought a portfolio of five assets, including three Booker warehouses, for £30.5m for its UK Property Income Fund II.
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