Insurance Age

Brightside to sell and lease back its Bristol HQ

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Broker says deal will free up around £6m in cash.

Brightside has confirmed it is to sell and lease back its headquarters in Aust near Bristol in order to free up cash.

According to a spokesperson for the broker the deal will raise about £6m for Brightside.

The spokesperson said: "Our HQ at Aust is a well-known landmark and is an important and valuable asset for the group.

"We own the site, there is no mortgage, and it currently ties up cash, so we are seeking a sale and leaseback agreement which will realise value from this substantial asset."

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