B&Q Warehouse, UK
This property is an out of town retail warehouse in Sheffield occupied by B&Q. It was purchased for £24m and held as an investment asset until being sold to an institutional fund manager at a significant uplift in capital value. Sheffield is a large English city in the county of South Yorkshire with a population of 1.6 million in the wider metropolitan area. Sheffield is historically the centre of the UK's steel industry. B&Q is the UK's leading home improvement retailer, having its origins as a single furniture store founded by Richard Block and David Quayle. B&Q grew rapidly with additional DIY warehouses across the UK and was later bought by Kingfisher plc. B&Q also operates in China and Taiwan.