L&G plans to turn Homebase store into later living scheme

Homebase Bath

Legal & General Capital acquires Homebase store in Bath from British Land in one of the first sales since CVA.

L&G bought the site, off Pines Way, from British Land in one of the first sales by a landlord following the DIY retailer’s CVA in August.

Homebase listed the 68,134 sq ft store among the category two leases in the CVA, meaning it would stay open but rents would reduce by 25%.

British Land, which had 12 Homebase stores in its portfolio – six of which were affected by the CVA – has sold the site for £13.5m.

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