Argos owner packs up HomeStore & More

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Home Retail Group has appointed Morgan Williams to dispose of its HomeStore & More shop portfolio.

The owner of Argos and Homebase announced last month that it would close all four HomeStore & More stores, just four years after they were opened.

The closures are aimed at getting the group’s finances back on track but will cost £10m, £7m of which relates to the retailer’s lease commitments.
The 20,000 sq ft stores are in Cambridge Close Retail Park in Aylesbury, the Beehive Centre in Cambridge, Fairacres Retail Park in Abingdon and the Queensgate Centre in Harlow.

Retailers likely to be interested in the stores, which could be sold either as a package or individually, are the Range, Go Outdoors and Dunelm.

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