Kroll sells three more Allders stores
Allders administrator brings takings from property to £100m after latest sales.
Kroll, the administrator of collapsed retailer Allders has successfully sold another three shops, and has now sold 26 of the defunct business’ 45 stores.
The Times reports that Capital & Regional and Morley Fund Management has bought the freehold of the Camberley store. Minerva, the landlord that owned 60% of Allders, took back its lease on the Croydon building, while Westfield and Hermes took back the lease on the Nottingham Broadmarsh store.
Kroll has now raised over £100m from selling off Allders’ property.