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Morrisons has struck a property deal to shrink its debts

By Ellis Hawthorne26 September 2024

Morrisons-exterior-with-shoppers-Manchester-2019

Morrisons has struck a multi-million-pound property deal with real estate investor Song Capital in a bid to shrink its debt pile.

The retailer has agreed a ground rent deal with an investor that would wipe £331m off its debts.