Sports Direct to sell head office buildings in £120m deal

Sports Direct is looking to sell its head office properties in Shirebrook in a deal worth £120m.

The company says it is in “advanced negotations” to offload Units A, B, C, D and F at Brook Park East to KWAA Logix Sportivo.

A statement from the firm said: “Sports Direct will on completion, take a 15 year lease of the property and intends to continue to operate the property as a distribution centre, offices and retail. The company intends to use the proceeds of sale towards the working capital of the company and its group operations.”