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UK Grocery Real Estate Review 2021


In 2020, the exceptional trading levels for UK supermarkets generated by the pandemic were reflected in the transactional volumes and popularity of grocery-backed property assets.

It was also a year when the operators had to fully engage with online selling as millions of people switched to home delivery.

In this report, we’ll look at the macro trends shaping the sector and analyse what that has meant for its property market.

Also included:

  • Did the pandemic help major grocery chains to profitably embrace online shopping?
  • Return of the weekly big shop?
  • Value-focus could return following vaccine roll-out
  • Investment market: Transactional revenues in the UK grocery real estate sector; net initial yields for prime assets
  • Occupier market: Online fulfilment upgrades to profitability possibility; discount operators; analysis of Tesco, Sainsbury’s, Asda, Morrisons, Aldi, Lidl, Co-Op, Waitrose, M&S

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Related Experts

Tom Edson

Head of Retail Capital Markets

London - West End

Tom is currently Head of Retail Capital Markets and co-head of the UK Retail Group at Colliers International.  


During Tom's 20 year career he has specialised in the Retail sector, ranging from High Street, Shopping Centre, Retail Parks and Supermarkets.   He has helped some of the UK largest  Investment companies formulate strategy on the acquisition or disposal of commercial property. 


In addition Tom is considered one of the UK's only Supermarket specialists giving a broad range advice to both occupiers, developers and investors.

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Greg Styles

Head of Retail Development and Advisory


Greg is a retail property and development specialist with nearly 30 years’ experience, who advises clients across the UK on all aspects of retail agency, development and investment. He provides advice on food stores, shopping centres, out of town and all other forms of retail and mixed use development.  His expertise includes master planning, scheme design, development appraisals, compulsory purchase, leasing, development agreements and the sale and funding of projects.  Greg is a particular expert in food store development. He is retained by Sainsbury's to advise them on their supermarket properties across the north of England and also advises ALDI's Corporate Property team.  Greg has a strong track record in advising both private and public sector clients on the development of new shopping centres, retail parks and mixed use developments.

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Matthew Hobbs

Head of Retail - Lease Advisory

London - West End

Having worked in the Lease Advisory side for over 30 years, Matthew is a specialist in high value retail / leisure rent reviews, lease renewals and lease negotiations.

This includes luxury shops and bars / restaurants in Central London along with other large shops (particularly supermarkets / department stores) and flagship stores for both landlords and tenants in London and throughout the UK.

His team of seven full time professional surveyors and four consultants deal with retail / restaurant rent reviews, lease renewals and regears for landlords and occupiers in all of the major towns and cities in the UK. He also works closely with the agency and investment teams in asset management initiatives, lease restructuring and investment acquisitions and sales.

He is on the RICS panel of independent experts and is regularly called upon to act as third party on high value rent reviews in Central London and throughout the country.

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