All Grocery Retail articles
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OnlineUBS Asset Management acquires Sainsbury’s In Hinckley for £45m
UBS Asset Management’s (UBS-AM) Real Estate Private Markets (REPM) business has completed the acquisition of a Sainsbury’s supermarket in Hinckley, Leicestershire for £45m.
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News
Blackbrook Capital acquires Sainsbury’s Glasgow logistics facility
Blackbrook Capital, a European independent real estate investment firm, has purchased a cross-dock logistics facility in the Glasgow City region in Scotland let to Sainsbury’s.
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Online
Billionaire Issa brothers buy Asda in £6.8bn deal
A consortium led by Zuber and Mohsin Issa and private equity firm TDR Capital, has bought UK grocery retailer Asda in a £6.8bn deal.
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Online
Aldi to open 100 more stores as part of £1.3bn UK investment drive
Budget supermarket chain Aldi has pledged to open 100 new stores by the end of 2021, creating 4,000 jobs, as part of a £1.3bn investment drive into the UK.
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Supermarket Income REIT arranges new £60m RCF and acquires Tesco Extra
Supermarket Income REIT has arranged a new revolving credit facility (RCF) of £60m with Wells Fargo.
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Online
ALDI opens three new stores in North West and West Midlands
The Harris Partnership group has been working closely with ALDI to ensure on-going completion of new stores.
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Waitrose negotiates monthly rent payments with landlords
Waitrose has negotiated new terms with landlords that allows it to pay rent monthly rather than quarterly, Property Week can reveal.
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News
Village stores come into their own during pandemic
Small convenience shops are experiencing a dramatic surge in footfall as the Covid-19 lockdown encourages people to shop locally.
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Online
Supermarket Income REIT forms JV to acquire stake in Sainsbury’s store portfolio
Supermarket Income REIT has formed a 50:50 joint venture with the British Airways Pension Fund to snap up a 25.5% stake in one of the UK’s largest supermarket portfolios.
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Online
CBRE GI taps up Asda supermarket for £32m
CBRE Global Investors is poised to buy an Asda supermarket in Basingstoke, Hampshire, for around £32m.
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Online
Supermarket Income REIT hits revised share placing target
Supermarket Income REIT has raised £139.8m in a new share placing after investor demand drove the business to up its target fundraise by more than £100m.
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Realty Income Corporation snaps up Tesco supermarket for £70m
Realty Income Corporation has bought a Tesco superstore in Enfield, north London for around £70m.
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News
Cities with high leisure exposure will be worst hit by lockdown
High streets in seaside towns and regional cities will suffer the most under the nationwide lockdown, data from the Local Data Company (LDC) suggests.
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City Harvest partners with restaurants and supermarkets to distribute food to the vulnerable
Over the last three weeks food charity City Harvest has recovered 182 tonnes of food and delivered 423,700 meals to charities making food parcels for vulnerable groups, including NHS workers.
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Insight
The supermarkets’ finest hour
The new decade started with worrying tensions between Iran and the US, which forced crude oil prices to spike to more than $70 a barrel.
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Online
Amazon picks Notting Hill for first British supermarket
Amazon is bringing its first British checkout-free supermarket to Notting Hill, according to the Times.
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Tesco to sell Thailand and Malaysian businesses for £8bn
Supermarket giant Tesco has announced the sale of its Thailand and Malaysian stores to Thai conglomerate Charoen Pokphand for $10.6bn (£8.1bn).
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News
How CMA’s open letter on restrictive covenants will affect grocers
The CMA has found that Tesco’s use of restrictive covenants preventing rivals from opening outlets near its stores is unlawful.
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Sainsbury’s partners with FEC to build flagship scheme at Whitechapel Square
Sainsbury’s has teamed up with the developer Far East Consortium (FEC) to redevelop the site of its store in Whitechapel in East London.
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Online
Watchdog raps Tesco for blocking rivals from opening stores
The competition watchdog has found that Tesco has been unlawfully preventing rivals from opening shops near its stores.
