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Blackstone, Saudi wealth fund collect £4m dividends from four Morrisons stores
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Blackstone, Saudi wealth fund collect £4m dividends from four Morrisons stores
Private equity firm Blackstone and the Saudi sovereign wealth fund have handed themselves £4m in dividends from their ownership of four Morrisons supermarket buildings. The pair acquired the sites – in Maldon, Stockport, Harrogate and Newcastle – for £110m in 2023 as part of a sale and leaseback arrangement which saw the supermarket chain sell off a chunk of its property portfolio. The holding company set up to collect rent for the sites – which…
·London, United Kingdom
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