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£26M SALES AND FLURRY OF LETTINGS AT FORMER TOYS ‘R’ US ESTATE

Asset and property management company, FI Real Estate Management (FIREM), has agreed the sale of another five former Toys ‘R’ Us freehold properties for the value of £26M and agreed nine lettings.

FIREM has agreed to sell Doncaster, Swindon, Coventry, Oxford and Peterborough, totalling around 199,000 sq. ft to a mix of retailers and local authorities.

A further nine leases have been committed to across the portfolio with the likes of Lidl, Smyths Toys, The Range and B&M Bargains taking space at locations including Old Kent Road London, Solihull, Leeds, Glasgow, Nottingham, Sheffield and Poole. The annual rents total in excess of £2.8M across 200,000 sq. ft of retail space.

 

Joint marketing agents are Cushman & Wakefield and Morgan Williams.

 

Media enquiries: Please contact Truth on 0161 238 9820.

 

 

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