City Markets 'pulls back' on Eight Mile deal

Sun, Aug 21st 2011, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

CITY MARKETS has "pulled back" from negotiations to sell its Eight Mile Rock store to Sawyer's Fresh Market owner, Sandy Sawyer, telling Tribune Business that two rival buyers had made "a very strong" entrance into the fray.

Mark Finlayson, principal of City Markets' 78 per cent majority shareholder, Trans-Island Traders, confirmed to this newspaper that Mr Sawyer had also been attempting to acquire the shopping centre that is home to the supermarket chain's Eight Mile Rock store, but was unaware whether this deal had been concluded.

If this real estate transaction is completed, it would make Mr Sawyer and Sawyer's Fresh Ma ...

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