Recent transactions prove that retail remains active in Peterborough city centre

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Savills has recently undertaken a number of retail deals within Peterborough city centre at 48 Bridge Street, 40 – 42 Westgate and 12 Cowgate respectively.

On behalf of Milton (Peterborough) Estates Company, Savills has let a retail unit at 48 Bridge Street totalling 2,755 sq ft (255 sq m) to German Donner Kebab (GDK), the gourmet donner kebab restaurant. Savills has also advised on the sale of 40-42 Westgate, which has been purchased by Virdee Real Estate Ltd. The space which totals 2,566 sq ft (238 sq m) is set to operate as a beauty salon.

The firm, on behalf of Central Office Equipment Ltd, has also sold 12 Cowgate to Axem Holdings Ltd. Comprising 3,625 sq ft (336 sq m) of retail space, the vacant property is now being marketed to potential occupiers.

Edward Gee, associate director in the business space agency team at Savills Peterborough, comments: “Despite the ongoing uncertainty caused by Covid-19 we have seen a recent flurry of retail activity within Peterborough city centre. All three units are located within close proximity to Queensgate Shopping Centre and will benefit from the footfall generated by the surrounding retail and leisure offer, which continues to improve day-by-day. The fact we are seeing investors purchase vacant units and retailers still taking space proves that confidence remains in the local market.”

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