Dutch supermarket operator Ahold has decided not to engage in a major sell-off of its property after a review of its global real estate assets established that the market value of its portfolio was EUR 900 mln more than the book value of EUR 4.7 bn. 'The review clearly showed that the majority of investment properties has strategic importance for operating purposes and will remain in the company's portfolio,' Ahold said at the announcement of its third-quarter results. The company said 'non-strategic assets' would be sold over time and would likely yield EUR 100 mln.
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