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Matalan 3

Glenstone purchase prominent unit in Bridgwater

Posted on January 18, 2022

Glenstone REIT are delighted to report the purchase of a former B&Q store in Bridgwater, Somerset.

The prominent corner site is let to Matalan on a new 10-year lease from December 2020.

The acquisition forms part of Glenstone’s current strategy in acquiring prominent assets at close to vacant possession / rebuild value.

Glenstone’s Property Investment Manager Sam Russell, commented, "This provides an excellent addition for Glenstone REIT, with a strong underlying site value. Furthermore, Matalan have seen a substantial increase in pre-tax profits for the quarter to 27 November 2021".