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£30.5M Deal for Former Toys ‘R’ Us Estate

Asset and property management company, FI Real Estate Management, has announced the sale of six former Toys ‘R’ Us properties, which form part of the Duke Portfolio, in a series of deals worth £30.5m.

The properties are located in Cardiff, Liverpool, Plymouth, Shrewsbury, Woking and York totalling 222,319 sq ft of retail space and have been sold to a variety of buyers.

An undisclosed retailer, has purchased three prime properties in Liverpool (Paisley Street, L3 7AN), Shrewsbury (Meole Brace Retail Park, SY3 9NB) and York (Clifton Moor Centre, YO30 4WZ) adding an additional 91,188 sq ft to its portfolio of stores.

Cardiff Council has completed the purchase of a 40,000 sq ft unit, located opposite Cardiff International Pool. The 41,360 sq ft property located in Woking has been sold to a private buyer and Plymouth City Council has transacted a 49,771 sq ft unit on Western Approach, in Plymouth city centre.

FI Real Estate Management has worked in conjunction with integrated loan servicing and advisory firm, Solutus and was appointed in March to provide full asset, property and facilities management services to the 31 assets, which comprised the freehold and long leasehold portfolio of the former Toys ‘R’ Us estate.

Cushman & Wakefield and Morgan Williams are the acting sales agents for the portfolio.

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