Next sells Essex land for £54.1m

Fashion and homewear retailer Next generated net cash proceeds of £54.1 million (after costs) from the sale of its land in Waltham Abbey, Essex.
The plot, which was acquired in 2021, produced an exceptional profit of £16.3 million.
The land was purchased as part of the retailer’s bid to merge two of its regional distribution centres, but these plans have since changed, leading to the sale of the plot.Click here to sign up to Retail Gazette‘s free daily email newsletterAcc