B&Q to buy five Homebase stores in the UK

B&Q announces today that it has reached agreement to acquire five leasehold stores in the UK, currently trading as Homebase, for a total purchase price of £2.5m.

 

This follows the agreements to buy three stores currently trading as Homebase in the Republic of Ireland announced on 24 December 2024, and further complements and strengthens B&Q’s existing network of stores.  

 

Following conversion to the B&Q banner, the five UK stores will have a combined total selling area of over 25,000 square metres and enable more customers to benefit from B&Q’s and TradePoint’s extensive offer of home improvement products and services, helping to make home improvement projects and trade jobs easier. This includes Kingfisher own exclusive brands, and B&Q’s leading customer propositions: kitchen and bathroom design and installations, TradePoint counters, timber cutting and paint mixing, access to an extended range of over 1.2 million home improvement products at diy.com, and click & collect and home and bulk delivery services at diy.com and trade-point.co.uk. 

 

The agreement for the stores is subject to landlord approvals, with the expectation that the transactions will complete in the first quarter of Kingfisher FY 2025/26, and that the stores will start to be converted to the B&Q banner in Spring 2025. All conversions are expected to be completed by the end of calendar year 2025. Capital expenditure relating to the store acquisitions and fit-out costs will be incurred by B&Q in Kingfisher FY 2025/26.

On completion of the lease assignment,the employees at the stores will become employees of B&Q.

 

Graham Bell, CEO, B&Q, said: “We’re delighted to be buying these five stores, bringing 

a total of eight additional sites to our fantastic store network in the UK and Ireland. We’re determined to give home improvers the choice and convenience they deserve, and to transform the home improvement stores in these locations to fulfil that need. 

 

“It’s a great way to be starting 2025! We look forward to swiftly concluding these purchases and converting the stores to the B&Q brand and offer, and to welcoming our new customers to the stores and new colleagues to the B&Q family.”

 

The five leasehold stores currently trading as Homebase and being purchased by B&Q Limited in the UK are:

• Homebase Altrincham
• Homebase Basingstoke 
• Homebase Biggleswade
• Homebase Leamington Spa
• Homebase Worcester

B&Q announced on 24 December 2024 that B&Q Ireland Limited had reached agreements to buy three Homebase leasehold stores in the Republic of Ireland for a total purchase price of ca. £3.2m ^[1]. The three stores in the Republic of Ireland will addover 9,300 square metres selling space in the ROI. They are:

• Homebase Letterkenny
• Homebase Navan
• Homebase Waterford

 

[1] Approximate amount presented in GBP using the following exchange rate: EUR 1.21: GBP1.00.

 

ENDS

 

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About B&Q:   

B&Q is the UK’s leading home improvement and garden living retailer with over 300 stores throughout the UK and Ireland, offering great prices, with over 700,000 products available to order at diy.com for home delivery or click and collect.    

For trade professionals, B&Q TradePoint offers exclusive membership to those in trades such as electricians, plasterers, fitters, plumbers, roofers, decorators, joiners, tilers, builders, landscapers and facilities and maintenance professionals. TradePoint members have exclusive access to dedicated TradePoint counters at around 200 B&Q stores as well as to Tradepoint.co.uk. 

B&Q launched the UK’s first home improvement marketplace in March 2022, adding additional choice for consumers. The marketplace offers a unique, integrated experience with in-store returns for many products and Click + Collect options being explored.     

Their team of more than 21,000 colleagues of all ages are respected nationwide for providing great home improvement help to customers. They’re the beating heart of B&Q and their iconic orange aprons are worn with pride.      

Every year, more than 20 million people improve their homes and make life better with B&Q, and every year the company achieves ever-higher standards for sustainable operations and sourcing, and supports our local communities, including funding B&Q Foundation grants and Shelter’s DIY Skills Advisors. For more information on our community initiatives visit diy.com/corporate/communityor to read our Build a Life Project annual report visit diy.com/responsible-business

B&Q is part of Kingfisher plc, the international home improvement company, operating 2,000 stores in 8 countries across Europe.    

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