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.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now