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Asda to sell 24 stores only to rent them back as it struggles with debt pile
Asda raises £568 million by selling 24 stores and a depot while retaining full operational control through 25-year leases with renewal options, supporting its turnaround plans.
- Asda announced it will sell 24 UK stores and a depot, which it will then lease back and continue to operate.
- Two separate buyers, Blue Owl Capital and a joint venture of Blue Owl and Supermarket Income REIT, have agreed to purchase the properties.
- Asda said the deals, which will secure £568 million, are part of efforts to boost its financial position and turnaround plans.
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Leaning Left5Leaning Right4Center37Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
11%
C 80%
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