ASDA - comment

Press rumours of another £500m sale and leaseback suggest to us that price support is still needed even though the operating environment is improving. ASDA has plenty of property assets (most of its 580 stores are owned). Another £500m in cash at 6.5% => £33m in annual rental obligation. The new transaction would be a ground rent deal with ownership reverting to ASDA after 50 years.  

https://www.thetimes.co.uk/article/asda-owners-strike-supermarkets-deal-3fj0bzr0g