Iconic department store sold for £3m

Beatties in Wolverhampton (Credit: Creative Commons 2.0 / Shenk and Trish)
Wolverhampton's former Beatties department store has been sold for £3m. The 140-year-old building, which has been taken on by a private investor, had been occupied by House of Fraser, which is set to move into the former Debenham's in the Mander Centre. The store had been at risk of closure when the chain went into administration but boss Mike Ashley pledged to keep it open. Jonathan Butcher, commercial investment manager at Allsop, said: "The sale of the building presented a unique opportunity to acquire a significant c... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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