Wednesday, January 27, 2021

Peak Shopping Village bought following months of negotiations

Situated in the village of Rowsley, on the edge of the Peak District National Park, the Peak Shopping Village has been bought by the Devonshire Property Group Ltd (DPG) which says the outlet centre has “exciting potential.”

The company has acquired the site for an undisclosed sum with the intention of growing customers and jobs through a fresh approach based on its local expertise.

The Devonshire Property Group is a part of the Devonshire Group of companies that represent the interests of the Duke and Duchess of Devonshire and includes nearby Chatsworth, as well as Bolton Abbey in Yorkshire and Lismore Castle in Ireland.

Located in the Derbyshire Dales, just three miles from Chatsworth, DPG approached the previous site owner, a significant property investor in multiple countries, and completed the sale today (11 January 2021) following several months of negotiations.

DPG will work with the existing management team to improve the site, with immediate actions to include some essential repairs and redecoration. By revitalising the customer experience at Peak Shopping Village, with more units occupied and stronger marketing, DPG aims to boost footfall for the benefit of all occupants. There are no current plans to expand the site or create a discount Chatsworth Gift Shop or Farm Shop.

More than 30 shops currently operate at Peak Shopping Village, which employs between 80 and 100 people. National names such as Pavers Shoes, Leading Labels, The Gift Company and Regatta operate alongside independents such as The Woolroom. The site hosts events year round, including regular Makers Markets showcasing the talent of local artisans, and its biggest event, the ‘Peak Festive Spectacular’ at Christmas.

The Devonshire Group believes Peak Shopping Village is perfectly located as a gateway to the Peak District National Park and the Chatsworth Estate. It views the purchase as a long term investment and an opportunity to create both a local retail outlet for the community and an exciting retail leisure destination for visitors to the Derbyshire Dales.

The Devonshire Group has strong experience in retail through its existing operations at Chatsworth (the estate farm shop and gift shops) and at Bolton Abbey and is a landlord to many retail outlets across its estates.

Lord Burlington, the Duke of Devonshire’s son, and Stephen Vickers, CEO of the Devonshire Group have been heavily involved in the planning and negotiation of the purchase.

Stephen Vickers: “We believe Peak Shopping Village has exciting potential and we see a bright future for jobs and growth. Our ultimate aim is for the site to realise its full potential as an important contributor to the fabric of the local economy, and we will be developing our plans for achieving this in the coming months.”

Lord Burlington: “Our team has the experience and expertise to help to reinvigorate Peak Shopping Village so that it’s a better experience for shop owners and those who use the office space.

“We are determined to make it the best it can be, both for our local communities and for the experience of visitors to the area. For us, it’s an exciting, long-term investment in Derbyshire, at the gateway to the Peak District National Park and the Chatsworth Estate.”

This investment is unrelated to any of the visitor facing businesses at either the Chatsworth or the Bolton Abbey Estates. The purchase is a capital transaction funded from the sale of commercial assets in Eastbourne.

The nearby conservation area and nature trail managed by the Derbyshire Wildlife Trust is part of the sale and the Devonshire Group aims to support it in future with a renewed education focus and experience for visitors to the shopping village. The nearby allotments are not part of the sale.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

East Midlands employers called upon to help shape mental health campaign

Employers across the East Midlands are being urged to help shape a campaign to encourage firms to improve mental health support at work. The Mental...

Bumper year for Midlands industrial property set to continue in 2021

The Midlands logistics and industrial property market in 2020 included close to record take up levels, rising rents and an upsurge in investor demand,...

Civil and structural engineer appoints new director

East Midlands-based civil and structural engineering firm BSP Consulting has appointed a new director to its board. Tony Goddard, who has been with the company...

Streets Chartered Accountants’ event explores post-Brexit trading with the EU

Next month, Streets chartered Accountants is hosting a virtual event exploring trade with the EU member states post-Brexit. The transition period has ended, the UK...

Ambitious regeneration plans to be considered by Chesterfield Borough Council

Ambitious plans to transform the area between the town centre and Chesterfield Train Station – creating a gateway to North Derbyshire and setting out...

Related news

Work starts on new crematorium

Building work has started on a brand new crematorium on a site off the A47 Leicester Road between Hinckley and Earl Shilton. The Borough Council...

East Midlands employers called upon to help shape mental health campaign

Employers across the East Midlands are being urged to help shape a campaign to encourage firms to improve mental health support at work. The Mental...

Bumper year for Midlands industrial property set to continue in 2021

The Midlands logistics and industrial property market in 2020 included close to record take up levels, rising rents and an upsurge in investor demand,...

Civil and structural engineer appoints new director

East Midlands-based civil and structural engineering firm BSP Consulting has appointed a new director to its board. Tony Goddard, who has been with the company...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close