Sainsbury's, the U.K. supermarket group, is set to become the latest struggling British retailing giant to turn to property securitization in an effort to revive flagging fortunes.

A Sainsbury's official confirmed that a CMBS deal is likely but said that a final decision would not be made until January next year. The official said that a mandate had yet to be awarded but was unable to confirm market rumors that Deutsche Bank A.G. are set to be the selected bank.

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