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Supermarkets

Morrisons agrees £220m warehouse deal

The supermarket, which acquired McColl’s for £189m in May, is also considering the conversion of almost 1,000 McColl’s stores

Morrisons has agreed to a £220m sale and leaseback deal with asset management firm, Intermediate Capital Group, which also includes contracts for seven of its distribution warehouses for up to 25 years. 

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