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Sports Direct Acquires Six Toys’R’Us Stores for €34 Million

The British multinational has acquired six commercial premises in Spain, owned by the toy company, using the sale & leaseback formula, for 34 million euros.

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Sports Direct and Toys’R’Us have reached an agreement to relaunch their commercial commitment to Spain. The British company has acquired six commercial premises owned by the toy company, using the sale & leaseback formula, for 34 million euros.

Both companies will share the acquired space, initially, in six retail parks where Toys’R’Us already has a presence. As such, the toymaker will become a tenant of the properties, sharing the space with Sports Direct in its stores located in Alcobendas (Madrid), Sant Boi (Barcelona), Granada, Valencia, Málaga and Pamplona.

Read the full article in Spanish.

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