Sports Direct is in “advanced negotiaions” to dispose of freeholds at its Shirebrook head offices, in a deal worth £120m.
The retailer said it is selling five units – A, B, C, D and F – at Brook Park East to a company called Kwasa Logix Sportivo, which is understood to be an Asian buyer.
If the deal proceeds it will take a 15-year lease on the property, and will continue to operate it as a distribution centre, offices and retail.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
Including:
The deal spans 269,000 sq ft of space in Liverpool, Kettering and Sunderland
Safra is selling the block after having acquired it for £72.4m in 2018
Dishoom agrees 20-year lease for 7,000 sq ft of space
COMMENT McLaren Regeneration’s Tom Gilman on creating a new urban ecosystem
