Sports Direct International Closes Sale of Property in Shirebrook, UK.
MANews-(C)2009-2019
29 May 2019 - UK-based retailing group Sports Direct International plc (LSE: SPD), through its wholly owned subsidiary Sportsdirect.com Retail Ltd, has closed the sale of the freehold property of Units A, B, C, D and F Brook Park East, Shirebrook, NG20 8RY to KWAA Logix Sportivo Ltd. for a cash consideration of GBP 120.05m (USD 152.83m), the group said.
Sports Direct will take a 15 year lease of the property and intends to continue to operate the property as a distribution centre, offices and retail.
The company plans to use the proceeds of sale towards the working capital of the company and its group operations.
Sports Direct International is a sports-goods retailer and operates roughly 670 stores worldwide. The company owns a large number of sporting brands and trades...
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