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.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.