Over the past five years, it has generated more than [pounds sterling] 5bn from the sale and leaseback of property assets - delivering profits of [pounds sterling] 1-3hn.
In 2000, Sainsbury's, which owned 65% of its property on a freehold basis, raised [pounds sterling] 566m from its first two sale and leaseback deals.
As there no doubt will be for the impending release of Sainsbury's next tranche of sale and leaseback stock.
We don't do sale and lease-back deals for various reasons" is Asda's only comment, while Morrisons says it has "no plans to do sale and leaseback at the moment", Both companies own 80% to 90% of their property portfolio freehold j I and could potentially free up a lot of capital to invest into new store openings.
And there's another example even closer to home: a major factor in Woolworths' downfall was parent company Kingfisher undertaking a sale and leaseback on Woolies stores, which exposed the retailer to a minimum 2.
Even if the likes of Tesco do find a way around the new accounting rules, some property pundits think that the appetite for supermarket sale and leaseback deals will eventually runout of steam.
And if changes to the accounting rules do come in, the latest wave of sale and leaseback activity could be rather shorter than hoped.
TESCO Intends to generate [pounds sterling] lbn annually trom sale and leaseback deals, creating profits of [pounds sterling] 250m [pounds sterling] 350m per year.