On behalf of a private client, Cordatus Real Estate is pleased to report the purchase of the B&Q in Elgin, Scotland for a price of c£7m.
The 44,850sq.ft store forms part of the busy Springfield Road Retail Park area in the town and is let to B&Q for a further 10 years.
Mike Channing, CEO of Cordatus commented: “We are very pleased to have concluded this purchase. Our client has an appetite for well-located properties let to strong covenants and this asset fitted that requirement perfectly.
We are looking for further investment opportunities like this for them”.
For further information please contact Mike Channing or Neil Tweedie.