Kingfisher boosts property-backed funding partnership by £225m
Kingfisher has extended the asset-backed funding partnership with its pension scheme with the addition of two UK properties worth £119m.
An investment of £106m was also made by the scheme into the Kingfisher Scottish Limited Partnership, following a group contribution of the same amount into the scheme.
The retailer - owner of brands including B&Q and Screwfix - announced in its interim results, published today, that it had now contributed properties with a value of £184m to the partnership, which were leased back to the company.
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