By Richard Hook2018-09-27T12:53:00
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.
You must be logged in to continue
Try Property Week For Free to finish this article.
Sign up now for the following benefits:
To access this article TRY FOR FREE NOW
Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.
Registered users and subscribers SIGN IN here to continue
Site powered by Webvision Cloud