The former Littlewoods department store, which has frontages to both Friar Street and Broad Street, was split up into smaller units in 1998. Tenants now include Next; Schuh; Superdrug; Fuller Smith & Turner and Littlewoods on leases expiring between 2015 and 2023.
Jones Lang LaSalle advised the vendor, and Director Rory Houston said: "This is one of the most significant institution-to-institution UK high street transactions of the year. The timing suited out client in the restructuring of its portfolio."
Churston Heard advised Legal & General.
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