Joint agents Barker Storey Matthews and Savills, who were acting on behalf of the Barnack UK Executive Pension Scheme, negotiated the letting of Unit 7 Lakeside Court to Capital Hair.
Capital Hair & Beauty started out in 1954 as a scissor sharpening company based in Brighton, and now operate 34 cash & carry stores throughout the UK and Ireland selling a wide range of products including hairdressing scissors, hair colour, styling, care and electrical products.
The business has agreed to a new ten-year lease for a showroom and trade counter comprising 4,050 sq ft.
Mandy White, store manager at the new Peterborough branch, said: "Personally I'm thrilled with the new challenge ahead and it's great to be working with professionals and trade only customers. I know most importantly that our customers will love the professional ranges in our easily accessible new store."
Capital Hair were advised by Ward Hill Property Consultants.