{"id":166038,"date":"2020-04-02T09:04:00","date_gmt":"2020-04-02T09:04:00","guid":{"rendered":"https:\/\/www.theindustry.fashion\/next-hq-and-three-warehouses-up-for-sale\/"},"modified":"2021-08-06T12:05:18","modified_gmt":"2021-08-06T12:05:18","slug":"next-hq-and-three-warehouses-up-for-sale","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/next-hq-and-three-warehouses-up-for-sale\/","title":{"rendered":"Next HQ and three warehouses up for sale"},"content":{"rendered":"\n
Next<\/a> is reportedly seeking buyers for its headquarters and three warehouses<\/strong> as part of a mitigation plan to reinforce its balance sheet against the effects of a fall in trade<\/strong> due to coronavirus.<\/p>\n The company has appointed property agent Savills to find a buyer for its head office<\/strong> in Leicester and another agent, Acre, to oversee the sale of three warehouses, which would all then be leased back<\/strong>, The Guardian<\/a> has reported.<\/p>\n Last month Next claimed that it could potentially raise up to \u00a3100m through the sale and leaseback of properties including warehouses.<\/p>\n The retail chain previously warned it is preparing for a \u201csignificant\u201d trading downturn<\/a> amid the COVID-19 coronavirus pandemic as it revealed full-price sales had tumbled by 30% in recent days.<\/strong><\/p>\n