B&Q and Screwfix owner Kingfisher is seeking fresh headquarters in London as the DIY giant ploughs on with its expansion plans.
Kingfisher has appointed agents at Cushman & Wakefield to find the new 300,000 sq ft base which, according to The Telegraph, could result in some consolidation of staff from its existing office locations in West London.
Kingfisher’s search for a larger space is expected to take place in the West End and the City.
However, as the DIY giant recently agreed to take an extra floor at its current headquarters in Paddington, it may yet decide to stay put.
The group, which also owns Castorama and Brico Dépôt, is currently undergoing a turnaround dubbed ONE Kingfisher.
The £800m overhaul that involves closing B&Q branches is designed to boost profits by £500m a year over the next five years.
Kingfisher is set to unveil its half-year results on Tuesday, having beat market expectations last month with 7.2% like-for-like growth in its second quarter.