Sports Direct, the sportswear retailer owned by British billionaire Mike Ashley, has sold the freehold to its Shirebrook logistics centre to Malaysia's Employees Provident Fund for just over £120m in cash.
Sports Direct, which will take a 15-year lease on the property, said the proceeds would be used for group operations and to boost its working capital.
Malaysia's Employees Provident Fund said in a separate statement it was attracted to the assured income stream the acquisition would generate.
It also said the deal would complement its British property portfolio.
