Businesses that own land and property are looking at sale and leaseback transactions as they look to improve their balance sheets

Bayleys says they've seen a rise in requests for proposals for the deals which allow businesses to sell their buildings but continuing to occupy them - giving them an injection of cash.

National director real estate advisory sales Steve Rendall says businesses from the industrial, retail, office, hospitality and tourism sectors have all been considering it.

He says particularly those in the industrial and retail sectors where some entities are under a greater degree of pressure than they were before.