UK supermarkets looking at massive property write-downs

Discussion in 'UK Property' started by Nicholas Wallwork, Jan 4, 2015.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    While the news from Tesco of late has been terrible to say the least, there is speculation there is more bad news on the way for the UK supermarket sector. Prominent financial experts believe that Tesco is on the verge of writing-down the value its property portfolio by at least £1 billion with some suggesting [...]

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  2. mattheonline

    mattheonline New Member

    Yes - one Tescos in Peterborough is closing...so they are making some savings here.
     
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