THIS TRANSACTION INVOLVED A MULTI-MILLION POUND TRANSFER OF 28 NON-OPERATIONAL RETAIL, OFFICE AND NON-INDUSTRIAL LEASES.

TRANSACTION COMPLETED IN FEBRUARY 2012

“This deal enables our Estates team to focus on our sizeable store portfolio where we are continually striving to deliver a great retail experience for our customers. We can now do this in the knowledge that the experts at SPS are aligned with our interest of driving redundant property costs out of our business.”

Charles McKendrick, Head of Asset Management, Morrisons Plc