Sainsbury has ruled out selling its property assets in the near future. During a conference call to present its results for the second half of 2006, chairman Philip Hampton of the UK's third-largest supermarket chain said Sainsbury is 'right to retain ownership of its properties'. Sainsbury has been considering using a sale of its property to raise capital but has finally decided that 'now is not the time'.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
