Home base set for postponement after landlords cool on plans to dispute the store closing program

Change of heart: Property owners were given a month to challenge the retailer's plan to close 42 stores

Troubled do-it-chain chain Home base set for postponement because landlords may seek refreshment in plans to dispute store closures

Neil Craven, financial post on Sunday

Troubled do-it-chain chain The home base has been set for postponement after it appears that landlords may cool down to dispute the store's closing program.

Property owners were given a month to challenge the retailer's plan to close 42 stores and reduce rent payments to others.

A group of large landowners had discussed options with law firm Hogan Lovells as a deadline that later on this month. But a source from the real estate sector told The Mail on Sunday that a challenge & # 39; increasingly unlikely & # 39; it seemed, because the support of larger companies has decreased and the focus is shifting to other retailers.

Change of heart: Property owners were given a month to challenge the retailer's plan to close 42 stores

Change of heart: Property owners were given a month to challenge the retailer's plan to close 42 stores

According to one source, landlords were more focused on other potential CVAs – the name for insolvencies that allow retailers to close stores – with speculation around different companies.

One of them said: "The bad wind that is blowing through the sector at the moment is Debenhams, and everyone is watching that now. & # 39;

Debenhams said last week that it makes a profit and it is optimistic that changes in the company lead to improvements in recent trade.

Fashion store salesman Jack Wills is also closely monitored during rumors that it requires rent reductions, according to sources.

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