Trending:

Sports Direct buys the Toys ‘R’ Us store in Malaga

BRITISH multinational Sports Direct buys the Toys ‘R’ Us store in Malaga

Multinational Brit company Sports Direct has just completed the purchase of the Toys ‘R’ Us building in Malaga, making this the sixth toy store the sports fashion specialist has bought in Spain.

The sports and toy giants have come to a mutually beneficial ‘Sale & Leaseback’ agreement, whereby Sports Direct purchases the building Toys R Us are operating from, and the two brands then share the same space. The toy superstore essentially becomes a tenant of sports fashion specialists. This arrangement has already proven successful in stores in Alcobendas (Madrid), Sant Boi (Barcelona), Granada, Valencia, Malaga and Pamplona, ​​as reported by Cushman & Wakefield, which has acted as sole consultant in this transaction.

The acquisition of the Malaga store is reported to have cost €34million.

________________________________________________________________________

For more UK daily news, Spanish daily news and Global news stories, visit the Euro Weekly News home page.

FacebookTwitterRedditWhatsAppTelegramLinkedInEmailCopy Link
Go Back
Written by

Sarah Keane

Former teacher and health services manager with a Degree in English, Sarah moved to Spain from Southern Ireland with her husband, who runs his own car rental business, in 2019. She is now enjoying a completely different pace and quality of life on the Costa Blanca South, with wonderful Spanish and expat friends in Cabo Roig. Sarah began working with Euro Weekly News in 2020 and loves nothing more than bringing all the latest national and international news to her local community.

Comments


    Leave a comment

    Your email address will not be published. Required fields are marked *