1 month ago
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Shubhendu Vimal
Mon, July 13, 2026 astatine 9:45 AM CDT 2 min read
Morrisons is successful discussions with Realty Income implicit a spot transaction worthy astir £600m ($803.6m) arsenic the UK supermarket radical looks to unafraid further backing for its turnaround plans, according to Sky News.
US capitalist Realty Income is said to beryllium 1 of a tiny fig of parties holding talks with advisers to the UK-based retailer.
Industry sources cited successful the study said the statement was improbable to travel the operation of a emblematic sale-and-leaseback woody and mightiness alternatively instrumentality the signifier of financing secured against a radical of the chain's stores.
No woody is understood to beryllium close, adjacent though Morrisons brought successful existent property advisor CBRE six months agone to analyse options.
The aforesaid sources said immoderate eventual transaction was apt to travel successful beneath the £1bn fig that had circulated earlier successful the year.
Realty Income has built up a important beingness successful UK retail property, having signed multi-billion-pound agreements covering sites occupied by Asda, Tesco, Sainsbury's and Waitrose.
Morrisons runs 500 stores crossed the UK and has a workforce of astir 95,000.
The institution holds freehold ownership implicit adjacent to 80% of its estate, among the highest shares successful the industry.
It faces nary near-term indebtedness repayments, which sources said leaves it without urgency to finalise a spot transaction.
The retailer was acquired successful 2021 by US backstage equity institution Clayton Dubilier & Rice (CD&R) successful a woody valued astatine astir £10bn including debt; arsenic portion of that process, CD&R committed to holding disconnected connected large freehold disposals for a acceptable period.
Rami Baitieh, who antecedently worked astatine Carrefour, took implicit arsenic main enforcement successful 2023.
Since coming nether CD&R ownership, Morrisons' spot dealings person focused connected assets extracurricular its main store portfolio.
In 2024, the retailer reached an statement with Song Capital, nether which the institution paid £370m for rights to income streams from 75 Morrisons supermarkets implicit 45 years.
"Morrisons and Realty Income sermon £600m spot financing woody – report" was primitively created and published by Retail Insight Network, a GlobalData owned brand.
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