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Record $3 Billion of U.K. Supermarket Property Acquired in 2013 2014-03-05 08:36:00.239 GMT
By Neil Callanan March 5 (Bloomberg) -- Property leased to supermarket operators such as Wm Morrison Supermarket Plc and J Sainsbury Plc gave investors a total return of 11% last year, researcher IPD and broker Colliers said in a report today. * Supermarket operator difficulties “did not deter investors” and “it is the perceived security of income that is of greatest attraction to investors”: statement * GBP1.8b of supermarket property investments sold in 2013, up 50% yoy; 11% bought by overseas buyers NOTE: British Grocer Land Spinoffs Seen Fraught With Risk: Real Estate NSN N1IG956JIJV0 <GO> NOTE: Morrison Gains on Report Activist Investors Pressing for Changes NSN MZC0SG6VDKI2 <GO> For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>
To contact the reporter on this story: Neil Callanan in London at +44-20-3525-8274 or ncallanan@bloomberg.net
To contact the editor responsible for this story: Andrew Blackman at +49-30-70010-6223 or ablackman@bloomberg.net