Thursday, August 11, 2005

Gibraltar Safeway still up for sale, says Morrison

Morrisons Supermarkets UK
The supermarket chain Morrisons said this week that its local Safeway store is still up for sale.

Morrisons had confirmed months ago that it was marketing the Gibraltar supermarket, but a UK-based spokesman said a buyer had yet to be found.

“It’s still on the market and we’re still looking for a purchaser,” the spokesman told the Chronicle. The company has advertised in the specialist property press, describing the Westside supermarket as a prime retail site “with significant development potential.”

Earlier this year, it said that it had placed the adverts after receiving a number of unsolicited enquiries about the Gibraltar store.

The company said at the time that it wanted to “understand the true nature of this interest, which may lead to the store being sold.”

Selling the Gibraltar store is part of a broader strategy as Morrisons concentrates on its mainland UK business.

Earlier this year it sold 12 Safeway stores in Northern Ireland to rival company ASDA for £73.6m.

Prior to that, the company announced that it had sold two Safeway stores in Jersey and Guernsey.

Related Articles:

07 June 2005 - Morrisons moves…

27 May 2005 - Gibraltar's Safeway up For Sale

22 April 2005 - Morrisons consider bid for Gibraltar Safeway store - Confirmed


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