Kingfisher to sell land in bid to stabilise B&Q

B&Q owner Kingfisher today agreed to sell seven stores for £198m (€287.47m) in a bid to provide stability for the ailing DIY giant.

Kingfisher to sell land in bid to stabilise B&Q
Fri, 14 Jul, 2006 - 15:19

B&Q owner Kingfisher today agreed to sell seven stores for £198m (€287.47m) 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.

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CourtsBusinessHeathrowPlace: AshfordPlace: BuryPlace: ExeterPlace: GlasgowPlace: GrimsbyPlace: LincolnPlace: North ShieldsPlace: UKPlace: South KoreaPlace: ChinaPlace: TaiwanPlace: RussiaPlace: FrancePlace: ItalyPerson: Richard RatnerOrganisation: KingfisherOrganisation: B&QOrganisation: British LandOrganisation: Seymour PierceOrganisation: B&Q.Organisation: HomebaseOrganisation: WickesOrganisation: Castorama
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