Six of the former Toys ‘R’ Us stores have now been sold to a variety of different buyers in deals worth £30.5 million.
They will forming the Duke Portfolio, with a combined square footage of the properties in Cardiff, Liverpool, Plymouth, Shrewsbury, Woking and York hitting 222,319 square feet.
The retailer, who is remaining anonymous, has purchased three of the main 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.
As well as this, the Cardiff Council has completed the purchase of a 40,000 square foot unit opposite Cardiff International Pool.
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.”
