Diy Giant Set to Unload Seven of Its Ailing B&Q Stores for Leaseback
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Summary
B&Q OWNER Kingfisher yesterday agreed to sell seven stores for pounds 198m in a bid to provide stability for the ailing DIY giant.
Shops in Ashford, Bury, Exeter, Glasgow, Grimsby, Lincoln and North Shields, which represent 7% of Kingfisher's portfolio, will be bought by property firm British Land.See the full content of this document
Extract
Diy Giant Set to Unload Seven of Its Ailing B&Q Stores for Leaseback
However, as part of the deal, B&Q will lease back the centres and pay rent...
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