Next sells land intended for consolidation of regional distribution centres

Next sells Essex land for £54.1m

Fashion and homewear retailer Next generated net cash proceeds of £54.1 million (after costs) from the sale of its land in Waltham Abbey, Essex. The plot, which was acquired in 2021, produced an exceptional profit of £16.3 million. The land was purchased as part of the retailer’s bid to merge two of its regional distribution centres, but these plans have since changed, leading to the sale of the plot. Click here to sign up to Retail Gazette‘s fr…

Next sells land intended for consolidation of regional distribution centres

Leicester-headquartered retailer Next has sold land near Waltham Abbey, Essex, intended to be used to consolidate two Regional Distribution Centres. The company purchased the land in 2021. Since then, the business has noted, Next’s plans for its Distribution Centre network have changed, with plans no longer in place to use the site. As a result, […]

Next sells land for £54.1m

Drapers Next sells land for £54.1m Next has sold land that it acquired in 2021 near Waltham Abbey, Essex, generating net cash proceeds after costs of £54.1m.The post Next sells land for £54.1m appeared first on Drapers.