Hilco puts Homebase up for sale

Homebase is poised for its fourth owner in five years, as turnround specialist Hilco looks to capitalise on the pandemic boost for home improvement groups by putting the chain up for sale.

Damian McGloughlin, Homebase chief executive, said a transfer of ownership within two to three years had “always been part of the plan” and that with Homebase’s profitability restored “now was the right time”.

Hilco acquired Homebase for £1 in 2018 after a disastrous period under the ownership of Wesfarmers, which had paid £340m for the group just 18 months earlier.

In the coming days, information memoranda will be sent to a number of interested parties, including both existing retailers and “various sizes of private equity houses”.

A stock market listing is also an option, added Homebase chief financial officer Andrew Coleman. “It is something we have looked at. We’ll have to see how things play out but all

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Hilco Redevelopment Partners Hires Real Estate Industry Professional George Needs as Vice President – Mixed Use Development

BOSTON, Nov. 5, 2020 /PRNewswire/ — Hilco Redevelopment Partners (HRP), the real estate development unit of Hilco Global that remediates and redevelops complex and obsolete industrial properties, announced today it has hired George Needs to the position of Vice President – Mixed Use Development.

Mr. Needs joins the growing HRP organization and will be a vital addition to the new urban mixed-use development team. Mr. Needs will join Melissa Schrock, who was recently brought on to lead the team, and together, they will be responsible for managing several exciting projects currently underway, including L Street Station in Boston, Massachusetts and Campus Bay in San Francisco, California, among other significant projects throughout the country. He will be based on Boston, MA. 

Needs’ responsibilities will include managing the entitlement efforts, leading project design efforts from conceptualization through construction documents and overseeing the construction and leasing of the various

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Hilco Real Estate Announces The Court-Ordered Bankruptcy Sale Of 17 Multifamily Properties On Chicago’s South Side

NORTHBROOK, Ill., Oct. 20, 2020 /PRNewswire/ — Hilco Real Estate, LLC announces November 3, 2020 as the bid deadline for a court-supervised bankruptcy auction of 17 multifamily properties located on Chicago’s South Side, formally known as Better Housing Foundation Portfolio C. The portfolio features 17 multifamily properties, totaling 181 units, to be sold as a whole and is subject to a minimum stalking horse overbid of $4,785,000, which equates to $26,436 per unit.

The buildings within this sale are in different areas throughout Chicago’s South Side including Park Boulevard, Jackson Park, Beverly and other various neighborhoods in between. There are three to 24 units available in each building, and all units range in occupancy levels. 

The on-site inspection dates for properties one through ten, starting at 3652 S. Indiana Avenue and ending at 6800 S. Clyde Avenue, will be held on Wednesday, October 14 and properties 11

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Hilco Real Estate Announces The Court-Ordered Bankruptcy Sale Of 17 Multifamily Properties On Chicago’s South Side | Nachricht

NORTHBROOK, Ill., Oct. 20,2020 /PRNewswire/ — Hilco Real Estate, LLC announces November 3, 2020 as the bid deadline for a court-supervised bankruptcy auction of 17 multifamily properties located on Chicago’s South Side, formally known as Better Housing Foundation Portfolio C. The portfolio features 17 multifamily properties, totaling 181 units, to be sold as a whole and is subject to a minimum stalking horse overbid of $4,785,000, which equates to $26,436 per unit.

Hilco Real Estate (PRNewsfoto/Hilco Real Estate)

The buildings within this sale are in different areas throughout Chicago’s South Side including Park Boulevard, Jackson Park, Beverly and other various neighborhoods in between. There are three to 24 units available in each building, and all units range in occupancy levels. 

The on-site inspection dates for properties one through ten, starting at 3652 S. Indiana Avenue and ending at 6800 S. Clyde Avenue, will be held on Wednesday, October 14 and properties 11 through

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