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Oxford Street House of Fraser back from the dead

CBRE acting on behalf of Mike Ashley's Sports Direct has agreed terms for House of Fraser to remain in occupation on London’s Oxford Street. The store was due to close under the House of Fraser CVA announced in June 2018.
CoStar News
August 21, 2018 | 1:55 P.M.

James Keany, Head of National Agency at CBRE, who acted on the negotiations, said “this deal only happened because all parties realised it was better to keep the store open and fully operational. It was a real case of landlord and tenant genuinely working together and at great speed. Everyone was sensible about the terms of the transaction”.

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