I spoke briefly to Lee Manning, one of the administrators, this morning. He told me that they are close to having a deal on the remaining 89 shops. The process has reached contract stage and he hopes that the deal will be concluded this week. There now appear to be fewer than three bidders still involved. "It has been whittled down," said Lee, although he declined to give further details.
I'm not sure whether all 89 shops will be sold as a whole or whether there are a couple of bids intending to divide up the portfolio. I suspect that the latter is more likely.
I'm not sure whether all 89 shops will be sold as a whole or whether there are a couple of bids intending to divide up the portfolio. I suspect that the latter is more likely.
