Superstores
We are the largest owner of UK superstores, other than the operators themselves.
The increasingly restrictive regulatory and planning environment, coupled with a highly competitive occupational market maintains occupier preference for long term secure leases and supports demand tension leading to rental growth.
British Land has formed strategic joint ventures with Tesco and Sainsbury’s; working with the operators themselves helps align our business strategies to maximise the value of our assets.
Additionally British Land owns 22 units let to food retailers on retail parks and shopping centres, totalling some 1 million sq ft. These are included in the valuations of our retail warehouse and shopping centre portfolios.
Occupiers include |
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- Marks & Spencers
- Sainsbury’s
- Somerfield
- Tesco
- Waitrose
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