Morrisons said to be pursuing GBP600 million property deal
UK supermarket group Morrisons is in talks with several parties, including US property investor Realty Income, over a GBP600 million deal backed by part of its store estate. The arrangement is unlikely to be a conventional sale-and-leaseback and could involve financing secured against a portfolio of outlets. Morrisons previously appointed CBRE to assess options for raising up to GBP1 billion from its freehold properties. (AOL)
