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  • Morrisons strikes £331 million property deal amid significant debts

    Property

    Supermarket group Morrisons has agreed a £331 million property deal as part of efforts to slash its significant debt pile. The private equity-owned retailer said on Thursday that it expects to complete the “ground rent financing” deal around October 2. It said Morrisons will sell 76 properties to an undisclosed business, before these are then [...]

    Morrisons Supermarket signage, as the supermarket group has agreed a £331 million property deal as part of efforts to slash its significant debt pile. Photo credit should read: Mike Egerton/PA Wire

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