Iceland is looking at opportunities for its property portfolio, including sale and leaseback, as part of its overall strategic review. It is expected to launch a £250m property sale and leaseback programme to help fund its store acquisition programme and restructuring. The sale will involve more than two thirds of its £340m portfolio, which includes 760 shops. Ernst & Young is advising Iceland and law firm Linklaters has also been brought on board to structure any deal. {{PROPERTY }}