Panther (VAT) Properties has sold the former Beales department store at Westgate House, Peterborough, to a private developer for £4m.
The city centre property provides approximately 151,356 sq ft across a circa 1.5-acre site and has detailed consent for the construction of 125 residential units and 9,106 sq ft of commercial/retail space.
The site occupies a prominent corner location on the north side of Westgate directly opposite Queensgate shopping centre.
Edward Gee, from the commercial agency team at Savills Peterborough, which acted for Panther on the sale, said: “This is an exciting sale for Peterborough as the prominent former Beales site is set for redevelopment which is much needed. We look forward to seeing the plans progress adding to the vibrancy within Peterborough city centre.”
