Morrisons strikes warehouse sale and leaseback deal for £220m

The new store, which is the first of five that Morrisons will open in a small pilot, will sell fresh and ambient food including food to go, fruit and vegetables, meat, fish, ready meals and basket staples.

Morrisons is said to have entered a sale and leaseback deal to accelerate the rollout of its convenience store format.

The deal by the grocer, which is worth £220m, will allow it to accelerate the conversion of McColl’s stores into its convenience store format, Morrisons Daily.

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