The Devonshire Property Group (DPG), which also owns Chatsworth House, has bought the Peak Shopping Village for an undisclosed sum.
DPG reportedly approached the previous site owner, a “significant property investor in multiple countries”, before completing the sale on 11 January, following several months of negotiations.
The Group said it will work with the existing management team to improve the site, which houses 30 shops, with immediate actions to include some essential repairs and redecoration.
CEO of the Devonshore Group, Stephen Vickers, said “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, who was also involved in the planning and negotiation process, added: “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.”