BusinessBusiness RecoveryKroll sells three more Allders stores

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.

Link: Kroll sells most Allders 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.

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