B&Q is set to acquire three Homebase stores in the Republic of Ireland for £3.2m following the retailer’s collapse last month.
The stores in Letterkenny, Navan and Waterford will join the DIY chain’s eight stores, and staff will be transferred across.
B&Q said the deal will add a combined 9,300 sqm to its portfolio in Ireland and aims to convert the spaces to its banner by the end of next year.
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Chief executive Graham Bell said: “We’re delighted to be adding these three stores to our fantastic store network. We’re determined to give home improvers the choice and convenience they deserve, and these locations need a home improvement store that fulfils their need.
“We look forward to swiftly concluding the purchase 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.”
Homebase was forced to call in administrators last month as its owner Hilco struggled to find a buyer and secure new funding for the business.
The retailer’s brand and up to 70 of its stores was promptly acquired by The Range and Wilko owner CDS Superstores. It confirmed on Monday that the first three Homebase stores, which will be converted into The Range superstores, will open on January 17.
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