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Retail News
Acting on behalf of longstanding clients, FHP is pleased to have completed a sale of The Royal Buildings within Derby City Centre to Cavendish & London Property Group Limited. The property is a mixed use heritage building, occupying a prominent position at the junction between Cornmarket and Victoria Street and features a vibrant tenant mix anchored by national restaurant chain, The Cosy Club.
Tom Wragg, Director within FHP’s Retail & Leisure team comments:
“I am proud to have been involved in the sale of this historic building and excited to see Cavendish & London’s plans for the property which will unlock its full potential.
As the appetite within institutions and major funds for regional retail and leisure investments cools, we are seeing strong interest from regional investors who can really get to grips with properties and add value through proactive asset management and redevelopment. This particularly applies to places such as Derby where the city is seeing huge amounts inward investment from both private and public sectors.”
For more information on how we can assist in leasing and selling retail and leisure premises within Derby and Derbyshire, please contact Tom Wragg on 07970 168 138 or tom@fhp.co.uk.