REG-Sainsbury(J) PLC Store acquisitions

Released : 18 August 2005 06:01

RNS Number:2296Q 
Sainsbury(J) PLC 
18 August 2005 
18 August 2005 
Sainsbury's acquires nine stores from Morrisons 
Sainsbury's has agreed to acquire a further nine Safeway branded stores from 
Morrisons.  The stores are leasehold and eight are located in the South of 
England with one in Scotland. 
Justin King, chief executive said, "These stores give us over 175,000 sq ft of 
new space, and have an average size of around 20,000 sq ft.  They will provide 
an opportunity to strengthen our market position in town centre locations and 
deliver future growth.  We look forward to welcoming 100,000 new customers and 
1,220 new colleagues to Sainsbury's." 
The gross asset value of the stores at 30 January 2005 was approximately £16.8m. 
It is anticipated that the acquisition of these stores will be earnings 
enhancing in their first full year of operation. 
Each store acquisition is conditional upon approval from the OFT.  The 
acquisition is expected to complete in three tranches in the autumn of 2005. 
The stores will then be closed for six weeks while they are refurbished and 
reopen under the Sainsbury's fascia ahead of Christmas. 
Last year, Sainsbury's acquired 14 stores from Morrisons (13 Safeway branded 
stores and one Morrisons store) located primarily in the Midlands and the north 
of England.   All these stores are now open and trading well. 
Investor Relations                                    Media 
Lynda Ashton                                          Pip Wood 
+44 (0) 20 7695 7162                                  +44 (0) 20 7695 6127 
Store Locations           Address 
Hammersmith               Kings Mall 
Morden                    London Road 
Slough                    Farnham Road 
Andover                   Borden Gate 
Eastleigh                 Leigh Road 
Bitterne                  West End Road 
Midsomer Norton           High Street 
East Kilbride             120 Olympia Centre 
Acocks Green              Warwick Road 
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