Flurry of offers for closed First Quench stores

01 December, 2009

The property agent appointed to sell the first batch of First Quench stores to close says it has been inundated with offers.

Following its instruction from administrators KPMG, Christie + Co, has already received over 750 offers for a third of the 700 stores which were released to the market just over a week ago.

The closure of a further 391 stores was announced last Friday (27 November), the majority of which are shortly expected to go on the agent's books.

Tony Evans, head of retail at Christie + Co, said: “The demise of First Quench has provided real opportunity for independent operators to acquire ‘corporate-style’ off-licences and the phenomenal responses we have already received this week is testimony to this.

“With a significant number of sales due to be agreed over the next few days we would urge people to contact the FQR disposal team in our London office.”

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