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Mothercare sells Watford headquarters

Nursery and maternity retailer Mothercare has sold its Watford headquarters for close to £15 million as part of its ongoing cost-cutting drive.

The company sold the 100,000 sq ft UK headquarters and adjacent warehouse to property developers BYM Capital and signed a ten-year lease under a sale-and-leaseback deal.

Mothercare has also launched its Big Baby event this week, offering huge savings of up to 50% off baby and toddler products. The sale runs across all platforms until 6 March, featuring big brand names like Tommee Tippee, Joie, Chicco, Graco and Maxi-Cosi.

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