Sports Direct Sells HQ for £120million to an Overseas Investor
Tuesday, May 28, 2019
It has been confirmed by Mike Ashley that there has been an agreement to sell Sports Directs Derbyshire headquarters for £120million to KWAA Logix Sportivo, owned by EFP, the Malaysian Employees Provident Fund. Upon completion of this deal, the retailer will also take a lease on the Shirebrook property, which will last 15 years, to continue operations as a distribution centre, offices and retail business.
The proceeds of the sale will be used to give a push its working capital and group operations.