Belfast Telegraph

Store ponders property options

Debenhams has held discussions about unlocking the value in its property portfolio, as it seeks to generate significant funds to further invest in the business.

The retail group has spoken to potential investors about deals on nine of its department stores and is understood to have held talks with the property specialist King Sturge about running the process.

It is understood that Debenhams is considering a sale and leaseback deal over 25 years, but other property options are being assessed. A sale and leaseback typically involves a retailer selling their freehold and leasing the store back from the investor.