A 30,000 square-foot building in Stoke-on-Trent has been snapped up by a Nottingham property developer.
GAPE Equity Limited – a subsidiary of ALB Group – has acquired the retail premises, in Hanley, for an undisclosed sum.
The Moxon Island building, which is located at the apex of Piccadilly and Stafford Street in the city centre, is currently home to a variety of high street and independent businesses.
This includes The Works book store, Specsavers, Schuropody, Rowfers and Forbidden Planet as well as the PDSA and the Central Store Newsagents.
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Arran Bailey, ALB managing director, said: “This is a fantastic investment for us. It occupies a key retail position in the centre of Hanley, right at the junction of several important shopping thoroughfares and it has plenty of well-established commercial tenants already in situ.
“There are going to be some exciting new tenants for the vacant units but we can’t go into details about that quite yet. In the meantime, I simply want to say that we’re delighted to have acquired this landmark building and to be in a position to consolidate its role as a key commercial hub for Hanley and its residents.”