Ivory tower

16 May 2007 By John Foley

The supermarket group has revalued its real estate, but backed away from the spinoff that some investors have called for. As Sainsbury’s is already leveraged, and still recovering, that’s prudent. But calls for it unlock property value are likely to increase.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)