SWIP re-gears Christchurch B&Q store

  Scottish Widows Investment Partnership, on behalf of owner Sackville Property TCI Nominee, has negotiated a re-gearing of B&Q’s store at Stony Lane retail park in Christchurch, Dorset.   DIY group B&Q’s existing lease has been surrendered with two and a half years remaining.   A new 15-year lease has been signed at a rent of £310,560 pa on the 31,056 sq ft unit.   Other tenants on the park include Magnet, Tile Giant and Currys.   Edgerley Simpson Howe advised SWIP; Cushman & Wakefield advised B&Q.   annabel.dixon@estatesgazette.com