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Homebase to close its retail park store

Application submitted to add parking spaces and split the unit in two

Homebase to close its retail park store

Newbury's Homebase store will close for the last time on September 5. 

The closure of the store, at Newbury Retail Park, is a result of Homebase’s company voluntary assesment (CVA) following a period of uncertainty. 

There is a rumour that the supermarket giant Aldi is moving in, but this has not yet been officially confirmed.

A Homebase spokesman said: “Since the launch of our CVA in August 2018, we have been in conversations with landlords to secure the right rents as part of our efforts to address our fixed- cost base.

“Under the terms of our CVA, landlords have the opportunity to end their lease on July 1, 2019, if they would like to pursue other opportunities for the store.

“For the Homebase store in Newbury, we have been unable to come to an agreement that works for both parties and as such, landlords for these stores have exercised their right to end the lease.

“Our priority is to support our affected team members who have shown us loyalty and energy throughout what has been an unsettling time.”

Plans for the store were submitted by F&C Commercial Property Holdings on June 19, which seek an additional 25 car parking spaces on 1,520sq metres on “the former garden centre” at Unit 9 on the retail park.

A separate application wants to split the 4,080 sq m Homebase store into two separate units, complete with a rear extension to provide a dock-loading bay.

The application states that the store “is a large retail unit with associated external retail (garden centre) space that is no longer a relevant space in the ever-changing retail industry”.

It adds: “The solution is to divide the unit into two separate retails units.”

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Article comments

  • chrisfu

    11/07/2019 - 18:06

    I increasingly believe these landlords are all price-gouging scum who could care less that they're running traditional companies out of business. This being Newbury, whatever ends up there will be yet another pikey thing we don't need - probably a large vape shop, or mobile phone cover store.


    • NoisyNortherner

      12/07/2019 - 09:09

      We're constantly told that the internet is to blame, and that's partially true. But what it fundamentally comes down to in a lot of cases is retailers not moving with the times. For example, Next are mostly doing fine because they embraced the internet early on, and it's a core part of their offering. Other clothing retailers are playing catch-up, and are suffering as a result. Then there's other factors, the most pressing being the decline in real-terms pay while other essentials such as rent, fuel, tax, and food continue to rise in price leading to less disposable income. I know I'm less inclined to splash £40 on paint to redecorate when there's other more pressing bills that need paying.


  • grumpy

    11/07/2019 - 15:03

    We don't need another Aldi. But how about Iceland or Asda. And yes they need to do something about the car park !!


    • NoisyNortherner

      11/07/2019 - 16:04

      I would assume that if an Aldi is the plan, the one on London Road would close, which could potentially then be an Iceland or whatever. An Asda would be brilliant, but I wouldn't get my hopes up.


  • danny2300

    11/07/2019 - 15:03

    No doubt the plan is for more flats


    • NewburyLad

      12/07/2019 - 10:10

      Got to have somewhere to put all the immigrants and refugees and illegal asylum seekers.....


  • NoisyNortherner

    11/07/2019 - 14:02

    Homebase are in a tricky spot because while they try and offer both DIY and homeware stuff, they're not competitive in either sector. If the rumour about Aldi is true, then something needs to be done about access to and from the retail park as it's pretty awful as it is. Trying to get out on a weekend is a nightmare with the combination of the pedestrian crossing, and the roundabout on Pinchington Lane.


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