Mothercare sells UK HQ as part of cost-cutting drive after CVA


Watford office building has been sold for close to £15m and leased back to struggling retailer for a 10-year term

It sold the 100,000 sq ft office building and adjacent warehouse on Cherry Tree Road in Watford for close to £15m to an unidentified buyer and signed a 10-year lease under the sale-and-leaseback deal.

The office is located on a 3.1-acre site in a predominantly residential area in the suburbs of the Hertfordshire town, and one source close to the deal said it had the potential to be converted into housing in the long term if Mothercare went under or vacated it.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Due to the unprecedented challenge facing our industry at this time will be entirely free to view to all users until 19 April. Register now to benefit from the following:

  • UNLIMITED access until 19 April
  • From 20 April, can still access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue