Prestbury have acquired the B&Q Warehouse on Osmaston Park Road, Derby, DE24 8EB from Ares for a price of £20.6 million, reflecting 6.65% NIY. The store was built in 2007 and comprises 106,336 sq ft in their Warehouse format, and is let to B&Q for a further 12.5 years at £13.50 per sq ft. Following B&Q announcing the closure of their other smaller store in the city next year, this will be the retailer’s only store in the city.
Knight Frank acted for the vendors and the purchasers were advised by Wilkinson Williams.
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