Asda bidder Lone Star has big plans for the supermarket’s air rights.
The private equity group is considering redeveloping some of the supermarkets into mixed-purpose buildings with housing and workspace, using the space above its supermarkets.
Two years ago Tesco said that it could generate £400m from its air rights.
Lone Star is battling rival Apollo to buy a stake that would value the Walmart-owned business at £6bn.
