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Crafted from manufactured wood and metal, this Executive Desk showcases an L-shaped design that’s perfect for any corner or spacious office. Next is looking to sell its Leicester headquarters and three major warehouses in Doncaster, according to reports.Sky News says that Savills has been appointed to market its Desford Road, Enderby head office, while Acre will work on the big shed disposals.All the transactions will be sale and leasebacks and will net Next tens of millions of pounds to boost its cash reserves during the coronavirus downturn.Earlier this month Next sounded a warning about the coming months. Address: Next headquarters is completely transparent when it comes to contact information and location of the Next headquarters. You can find the corporate head office address and headquarters in Brookvale NSW 2100. Customer service is terrible. (124302954) TheBusinessDesk.com © 2008 - 2017.
Download print version - PDF (156KB) Retailer frees up millions of pounds tied up in property to support it through unprecedented economic timesNext Plc has confirmed the successful sale and leaseback of its national head office.The high street retailer – which has taken a big financial hit from the coronavirus – announced earlier in the spring that it wanted to sell the site in central England.Just as many other big corporations had been doing, it hoped to free up cash tied up in property to support the business through the unprecedented economic times.A spokesman for the business said the sale and leaseback of the offices in Enderby, Leicestershire, had now been completed.The spokesman would not give further details but a trading statement in late April had said it had been in the advanced stages of agreeing the sale and leaseback of the office for £48 million.At the time the business had also completed the sale and leaseback of some of its warehouses for a further £107 million.In a statement the spokesman said: “The sale and leaseback of the Enderby HQ has now been completed.”He added: “No details of the sale and leaseback of the HQ have been made public.“All I can say is that (Covid apart) there are no operational changes to the HQ set up over what went before – and staff won’t know any different.”The £4.2 billion turnover group was forced to close all its stores when the lockdown was imposed, and revised potential lost revenues for the year from between £400 million and £1 billion in March to between £1.2 billion and £1.6 billion in April.Even as shops reopen, it expects to see 40 per cent fewer sales over the year.Last month Topps Tiles revealed it had agreed to the £18.1 million sale and leaseback of its Leicester head office and central warehouse buildings – which are two miles up the road from the Next HQ – to UK Warehouse Properties Limited.The proceeds from the sale have been used to strengthen Topps Tiles’ financial position as it responds to the Covid-19 crisis.A few days ago Ted Baker announced it had completed the sale and leaseback of its London HQ to a wholly-owned subsidiary of British Airways Pension Trustees Limited for £78.75 million.The net proceeds of at least £72 million of that will go towards reducing the group’s debt, it said.And in late June low-cost airline EasyJet secured $255 million through the sale and leaseback of six A320neo aircraft with leasing firm SMBC Aviation Capital.The Next Plc headquarters in Enderby, LeicestershireWhen you subscribe we will use the information you provide to send you these newsletters.
Next Plc has confirmed the successful sale and leaseback of its national head office. Staff Discount You can enjoy up to 25% off all kinds of Next products and, even better, you can have your order delivered straight to your desk. ... Enderby head office, while Acre will work on the big shed disposals.
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