THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Dixons to complete sale and leaseback deal for £59 million

Dixons has exchanged contracts for the sale and leaseback of its Nordic distribution centre in Sweden.

GENERAL MERCHANDISE

Dixons to complete sale and leaseback deal for £59 million

Dixons has exchanged contracts for the sale and leaseback of its Nordic distribution centre in Sweden.

The deal is expected to complete on 23 June and will see a syndicate of investors advised by Norwegian investment firm Ness, Risan and Partners buy the facility for approximately £59 million. Dixons said the estimated book value for the property as of 31 May 2011 was £21 million.

Dixons said proceeds of the sale would be used for general corporate purposes, including offsetting drawings on the Group's revolving credit facility and for repayment of the 6.125% November 2012 Bonds.
 
In April Dixons announced that it would be closing its 34 PC City stores in Spain due to declining sales.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process