What does Sainsbury’s-Asda merger mean for property?


Sainsbury’s boss Mike Coupe dismisses suggestions proposed £13bn merger would lead to store disposals.

On Monday, Sainsbury’s – which shares its chairman, David Tyler, with Hammerson – and Asda agreed a £13bn merger that if approved would see the UK’s second- and third-biggest supermarket chains join forces to create the country’s largest single retailer, operating as distinct brands under the Sainsbury’s corporate umbrella.

Sainsbury’s and Asda say the deal – which will almost certainly be closely scrutinised by the Competition and Markets Authority (CMA) – would allow them to slash prices and provide a better service to customers. But what impact would it have on their vast property estates?

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue