Peveril Securities makes a move on Bury
Derbyshire-based Peveril Securities has purchased a 96,000sq ft retail unit on a 2.2 acre site in Bury. The purchase was a joint venture with RED Partnerships.
The site has an existing planning permission for non-food retail, and the developer has already signed pre-let agreements with three national retailers, the names of which are to be announced imminently.
Peveril Securities, which is based in Belper, specialises in property development and operates across the country.
Nolan Redshaw acted for the vendor, Senior Hargreaves, and assisted in planning negotiations. Peveril Securities was represented by Red Partnerships.
The proceeds of the sale have been put towards providing new manufacturing facilities for Senior Hargreaves.
Nolan Redshaw said that the deal was “possibly the most significant property transaction in Bury in the past 18 months”.
