Council invests in Glastonbury

By Dan Peters | 06 September 2019

South Somerset DC is expected to achieve a net initial yield of 7.19% after buying the Glastonbury branch of home improvement chain B&Q for £4.4m.

The council’s portfolio holder for economic development, John Clark, said: ‘While it is out of district this store is one that we know well and one that we consider to be shielded from the general malaise that has hit retail warehousing.’

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