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Sports Direct to sell HQ property for £120m

Sports Direct Group is in advanced negotiations to sell property at its Shirebrook headquarters for £120m.

The retailer is selling its freehold of five property units in Shirebrook to KWAA Logix Sportivo for £120,050,000.

Sports Direct will then lease the property back for 15 years and intends to continue to operate it as a distribution centre, office and retail unit.

It will use the £120m as working capital for the group.

 

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