Morrisons strikes warehouse sale and leaseback deal for £220m

By Ellis Hawthorne2022-12-09T07:04:00

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.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Two free article views per calendar month on Retail-Week.com
Detailed analysis of current trends and events
Exclusive newsletters
In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.