Morrisons Considers £1bn Property-Based Financing Deal

Morrisons, a British supermarket chain, is exploring a property-backed financing deal that could unlock up to £1bn. The grocer has asked CBRE to examine ways to raise funds against part of its store estate, including medium-term to long-term borrowing secured on a selection of supermarkets. The amount raised could reach £1bn, although the eventual format and scale have not been fixed.