B&Q adds Isle of Wight store to freehold portfolio
B&Q has added a store it operates in Newport in the Isle of Wight to its freehold portfolio in an off-market purchase.
The 83,618 sq ft store – which was originally developed by B&Q – is situated north of Newport town centre, with other retailers in the area including Screwfix, Halfords, Lidl, and Dunelm.
The sale was completed by HLRE on behalf of West Sussex County Council and Aberdeen. Curson Sowerby Partners acted for B&Q.
HLRE had previously acted for Aberdeen in regearing B&Q’s lease at the store in 2024, before freehold discussions started.