Tesco Plc, the UK’s biggest grocer, has teamed up with flexible office company IWG Plc to convert excess space in a supermarket into a work hub.
There is an expectation that apartment rents, especially on garden-style developments, will continue rising, according to CP Capital’s Paul Doocy.
The company would like to sell its U.S. malls at a 30 percent discount to their 2021 valuations. Analysts say that may be unrealistic.
With many people still working from home at least some part of the week, suburban retail has been a beneficiary.