Canadian retail giant Loblaw is to spin off and float its real estate assets to provide it with capital to expand.

Loblaw said today (6 December) it would set up a Real Estate Investment Trust and sell units in it via an IPO.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

“This strategic initiative positions Loblaw’s core businesses well for the future. We expect the REIT to not only unlock value for our shareholders, but also increase our financial capacity to pay-down debt, buy back shares, and create a long-term source of capital to invest and grow,” executive chairman Galen Weston said.

The retailer plans to contribute real estate worth C$7bn to the REIT, in which it will retain a “significant majority interest”.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now