Real Estate's Latest Trophy Assets Are in Short Supply
Jan. 7, 2021 5:17 am ET Unlikely as it may sound, grocery stores are becoming dream propertiesâcoveted but hard to prise away from their owners. Changes to accounting rules are just one reason why it has become less appealing for supermarkets to sell their real estate. In Europe, food shops have been among the few retailers allowed to trade throughout the pandemic and business has been strong. U.K. grocer J Sainsbury reported Thursday that over the nine weeks to Jan. 2, sales increased by 9.3%, sending its shares up 4%. Britainâs supermarkets have had their highest Christmas...
Source: wsj.com