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How the $25B Kroger-Albertsons Merger Could Impact CRE
October 18, 2022
In light of the proposed blockbuster merger between Kroger and Albertsons Cos. Inc., real estate executives are pondering what the implications could be for general real estate, as well as grocery-anchored retail stores.
Despite the expansion of e-commerce during the pandemic, grocery-anchored shopping centers are not anticipated to see a decrease in demand. According to Forbes, the largest share of sales for any retail property type in 2021 was U.S. grocery-anchored retail. With a combined value of $13 billion, 722 assets traded. While increased costs of capital have generally slowed deals, investor demand for grocery-anchored shopping centers is the highest it has been since the mid-2000s, according to Wealth Management.com.
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Despite the expansion of e-commerce during the pandemic, grocery-anchored shopping centers are not anticipated to see a decrease in demand. According to Forbes, the largest share of sales for any retail property type in 2021 was U.S. grocery-anchored retail. With a combined value of $13 billion, 722 assets traded. While increased costs of capital have generally slowed deals, investor demand for grocery-anchored shopping centers is the highest it has been since the mid-2000s, according to Wealth Management.com.
