Fashion and homeware retailer Matalan is on the hunt for a buyer for its headquarters located on Knowsley Industrial Park. This is one of the steps the company is taking to bolster cash reserves in an effort to weather the Covid-19 storm.
The 132,0000 sq ft office was purchased by Matalan in 2018 in a deal with the previous owner, Tritax Big Box Reit.
The building has an asking price of £28.5m and Matalan is seeking to sign a new lease before completion, securing operational occupancy of the building without any disruption.
The lease length is unknown at this stage, but we would anticipate a long, institutional-type lease, allowing Matalan to continue to occupy the building without interruption.
We specialise in sale and leaseback transactions on commercial premises nationwide. Any property type, any tenant sector and any location. Please get in touch today for further details.
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