CBRE has filed a High Court legal claim which could halt the sale of a large number of former Toys R Us stores in the UK.
Last month, CBRE was appointed as special servicer to a £263m CMBS loan secured against 24 stores and a distribution centre occupied by Toys R Us before its administration in February. The properties are now vacant and CBRE has filed a claim against Solutus and Bollinway Properties, which is attempting to buy the properties. Bollinway and Solutus are both owned by a company called Acepark, which is owned by Lancashire-based property investor Tim Knowles.
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