The Peterborough Evening Telegraph
Kiddicare sale helps agent’s results
High profile commercial deals in Peterborough have helped power sales and profits for a leading company.
The sale of the former premises of childcare supplies retailer Kiddicare, in Cygnet Park, Hampton, was one of the highlights of the year for commercial agents Savills.
The premises, which had been home to Kiddicare for a decade, were sold to European Tyre Enterprise.
The amount paid for the buildings has not been disclosed, but the asking price had been £10 million. Kiddicare was created by Peterborough couple Neville and Marilyn Wright.
Other notable deals for Savills in Peterborough last year included the sale of Thorpewood House, in Thorpe Wood, Peterborough, by Pigeon Investment Management to an overseas investor for £13.95 million.
There was also the letting of Logicor’s 189,000 sq ft industrial unit, Kingston 189, in Flaxley Road, Kingston Park, Peterborough, to food packaging manufacturer and supplier Dart Products Europe and the sale of Clifton House, in Broadway, which was home to Peterborough Jobcentre, by CLS Holdings to Shaviram Group for £6.21 million.
They are among a number of significant deals for Savills, which has nationally reported a growth in revenues of 11 per cent to £1.6 billion to the end of last year. Pre-tax profits rose 13 per cent to £112.4 million.
David Goodson, head of Savills Peterborough, said: “Our office has transacted some significant deals in the past year including the sale of the freehold of the former Kiddicare building.”