THE RETAIL BULLETIN - The home of retail news
Lest we forget
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
Six former Toys 'R' Us stores sold for £30.5 million

Six former Toys ‘R’ Us stores have been sold to a range of buyers in deals worth £30.5 million.

GENERAL MERCHANDISE

Six former Toys 'R' Us stores sold for £30.5 million

Six former Toys ‘R’ Us stores have been sold to a range of buyers in deals worth £30.5 million.

Forming part of the Duke Portfolio, the combined square footage of the properties in Cardiff, Liverpool, Plymouth, Shrewsbury, Woking and York is 222,319 square feet.

Stay updated with the latest retail news for free by subscribing to the Retail Bulletin mailing list.

An undisclosed retailer has purchased three prime properties in Liverpool’s Paisley Street, Shrewsbury’s Meole Brace Retail Park and York’s Clifton Moor Centre to add 91,188 square feet to its portfolio of stores.

Meanwhile, Cardiff Council has completed the purchase of a 40,000 square foot unit opposite Cardiff International Pool.

The 41,360 square foot property in Woking has been sold to a private buyer and an undisclosed buyer has bought a 49,771 square foot unit on Western Approach in Plymouth city centre.

A spokesperson for FI Real Estate Management, said: “We recognised the appeal of a selection of properties within the Duke portfolio to successful out of town retail operators and as prime development opportunities. The six properties sold to date reflect the healthy appetite for prime sites and demonstrates our ability to unlock asset value by ensuring we utilise an intelligent and appropriate commercial approach.”

FI said it is also in the final stages regarding a further four sales and is currently in negotiations to split many of the units to let to retail brands.

 

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

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
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
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
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
Fix The Dinosaur Roundtable 2018
Fix The Dinosaur Roundtable 2018
19 October 2018
The Euston Suite, The Hallam, 44 Hallam St, London W1W 6JJ
A Masterclass in IBMi Legacy Issues