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 25/04/2013Egi, Samantha McClary - Beales cuts deal with Sainsbury's  
 
 

Beales in talks with Sainsbury's over Tonbridge store

 
 Egi reports that Beales is in talks with Sainsbury's to surrender one of its stores. Beales has signed a conditional agreement that may allow the "possible future surrender" of its lease on its Tonbridge store.
Beales has collected £1m on signing the deal.
The group said that the transaction was conditional on certain pre-conditions being satisfied within a six-year period, but that if the surrender went ahead it would receive a premium of as much as £3m.
 
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