Former Toys R Us store in Croydon sold for more than £16m
FI Real Estate Management has sold the former Toys R Us unit in Croydon for £16.1m.
The 42,741 sq ft freehold property was purchased by an undisclosed buyer.
Asset and property management company FIREM has also confirmed that the legal dispute concerning the retailer’s portfolio has now been settled.
FI Real Estate Management has sold the former Toys R Us unit in Croydon for £16.1m.
The 42,741 sq ft freehold property was purchased by an undisclosed buyer.
Asset and property management company FIREM has also confirmed that the legal dispute concerning the retailer’s portfolio has now been settled.
A spokesperson for FI Real Estate Management said: “We are pleased to have completed the sale of this former Toys R Us unit and have consistently demonstrated that, through a combination of a solid business plan, strategic investment and a creative approach, there is a healthy appetite from a variety of well-known operators and investors for such out-of-town properties.
“Now that the legal proceedings have been resolved, we can concentrate on achieving maximum value from the remaining assets in the portfolio.”
Cushman & Wakefield and Morgan Williams are the acting sales agents for the portfolio.
The Toys R Us estate originally comprised 31 property assets owned by Toys R Us Properties (UK).
FIREM was appointed to provide full asset, property and facilities management to the estate after Toys R Us entered administration in February 2018.
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