skip to main content
Find Insight DIY on
* * *

UK Store News

New owner for two DIY warehouses

Wickes Letchworth 725 x 500

A Wickes store in Dartford and a B&Q warehouse in Hull have a new owner, having been purchased for a combined £18.4m.

The new landlord is LondonMetric Property, which acquired Wickes from a private investor and B&Q from Stobart Group and Roebuck Asset Management.

The B&Q deal is understood to have been valued at £9.4m, for a 71,000 sq ft store, while the 40,000 sq ft Wickes store was acquired for £9m.

Both stores have been re-let to their tenants at a cost of £750,000 p/a for B&Q, and £9m p/a for the Wickes store.

Source : Insight DIY

To advertise on the Insight DIY website and download our media pack, click 
here.

Sign-up for our weekly newsletter here.

If your business is interested in pricing intelligence or you're currently trying to track retail prices manually, there really is a much easier way. Just contact us here.


 

 

23 November 2016

Related News

view more UK Store News
*

I find the news and articles they publish really useful and enjoy reading their views and commentary on the industry. It's the only source of quality, reliable information on our major customers and it's used regularly by myself and my team.

*
Simon Fleet - Sales & Marketing Director, Thomas Dudley Ltd
Newsletters

Don't miss out on all the latest, breaking news from the DIY industry