News that House of Fraser’s Chinese owner Sanpower has struck a deal to sell the 169-year-old department store poses more questions than answers for bond investors.
Sanpower’s listed subsidiary Nanjing Cenbest, which bought House of Fraser in 2014, has said that it will sell a 51% stake in the department store to Wuji Wenhua, a Chinese tourism group.
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Including:
A local private investor has snapped up the multi-let office for £6.1m
Agency sees group-wide rises for leasing and capital markets revenue
The refurb is set to deliver 250,000 sq ft of office space at 125 Shaftesbury Avenue
Fund house picks up city site from Nuveen
