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Homebase Saffron Walden

Glenstone acquire Homebase in Saffron Walden

Posted on April 1, 2021

Glenstone Property Plc are pleased to announce the freehold acquisition of Homebase in Saffron Walden.

The property offers a well configured unit located in the highly affluent town of Saffron Walden with strong residual value.

The property is let to Homebase on a 15 year lease with a tenant break in year 10. The tenant has reported strong trading performances throughout the COVID-19 pandemic.

The acquisition forms part of Glenstone’s wider strategy of diversifying the portfolio and is a welcome addition to the retail warehouse in Rushden that was purchased earlier in the year.