Top 20 Commercial Property Owners in the UK by Rateable Value 2025
Top 20 UK Commercial Property Occupants 2025 | Rateable Value
Data reveals supermarkets dominate the UK’s most valuable commercial property portfolios
Data Source: Doorda Commercial Property Database
Executive Summary
New analysis of UK commercial property data reveals that supermarket chains dominate the list of largest commercial property owners by rateable value, with Tesco leading at £113.5 million across its UK portfolio. The data shows traditional retail giants maintaining significant physical footprints despite e-commerce growth.
Key Findings
- Tesco leads with £113.5M in rateable value across UK properties
- German discounters Lidl (£87M) and Aldi (£80M) rank #2 and #3
- Supermarket chains occupy 8 of the top 10 positions
- Amazon UK Services ranks #8 with £45.2M in rateable value
- Traditional retailers like Marks & Spencer and Boots maintain strong portfolios
Top 20 Commercial Property Occupants by Rateable Value
| Rank | Company | Rateable Value |
|---|---|---|
| 1 | Tesco Stores Limited | £113,519,880 |
| 2 | Lidl Great Britain Limited | £86,959,205 |
| 3 | Aldi Stores Limited | £80,283,975 |
| 4 | Sainsbury’s Supermarkets Ltd | £69,809,781 |
| 5 | Asda Stores Limited | £66,164,360 |
| 6 | Waitrose Limited | £60,501,150 |
| 7 | Marks and Spencer PLC | £59,898,935 |
| 8 | Amazon UK Services Ltd | £45,184,800 |
| 9 | Royal Mail Group Limited | £44,621,897 |
| 10 | Boots UK Limited | £40,819,829 |
| 11 | WM Morrison Supermarkets Limited | £38,565,350 |
| 12 | Mitchells & Butlers Retail Limited | £36,313,405 |
| 13 | TJX UK | £35,603,450 |
| 14 | Iceland Foods Limited | £34,128,650 |
| 15 | Goldman Sachs (UK) SVC. Limited | £32,410,000 |
| 16 | Greene King Retailing Limited | £31,131,297 |
| 17 | Wickes Building Supplies Limited | £30,240,225 |
| 18 | McDonald’s Restaurants Limited | £30,199,458 |
| 19 | McLagan Investments Limited | £29,721,650 |
| 20 | DSG Retail Limited | £29,373,905 |
Analysis & Implications
Supermarket Dominance
The data demonstrates that grocery retailers have successfully scaled their physical presence, with Tesco’s portfolio worth nearly £30 million more than Lidl. This reflects the strategic importance of prime retail locations for food retailers.
German Discounter Growth
Lidl and Aldi’s high rankings (#2 and #3) showcase the aggressive expansion strategy of European discount chains in the UK market over the past decade.
E-commerce Integration
Amazon’s presence at #8 (£45.2M) highlights how online retailers still require significant logistics, distribution, and fulfillment centers despite being digital-first businesses.
Financial Services Footprint
Goldman Sachs (#15) represents the highest-ranked financial services firm, underlining the premium value of City and Canary Wharf office locations.
Methodology
Data compiled from the Doorda Commercial Property Database, analysing business rates (rateable values) across all commercial properties in England and Wales along with the named commercial owner. Rateable value represents the open market rental value of the property as assessed by the Valuation Office Agency.
FAQ
Q: What is rateable value?
A: Rateable value is the estimated annual rental value of a commercial property, used to calculate business rates.
Q: Who owns the most valuable commercial property in Manchester?
A: While this analysis covers the entire UK, Manchester’s largest commercial occupants by rateable value is likely one of the major supermarket chains or shopping center operators.
Q: How often is this data updated?
A: Rateable values are typically reassessed every five years, with the most recent revaluation taking effect in 2023.
Q: How often is the commercial owner data updated?
A: The commercial owner data is refreshed monthly.