Trade Resources Industry Views HRG Has Sold Its Homebase Store in Battersea to a Residential Property Developer

HRG Has Sold Its Homebase Store in Battersea to a Residential Property Developer

Homebase Battersea Store Sold to Property Developer

BBC News has reported that the Home Retail Group (HRG) has sold its Homebase store in Battersea to a residential property developer for £57m.

The group plans to close 25 Homebase stores by early March 2015, citing the pressure of growing online sales and the need to "position Homebase as a smaller but stronger business, ready for investment and growth", according to chief executive of HRG, John Walden.

Source: http://www.furniturenews.net/news/articles/2014/11/779527889-homebase-battersea-store-sold-property-developer
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Homebase Battersea Store Sold to Property Developer
Topics: Furniture