DTZ Investors has acquired the 121,000 sq ft Slough Retail Park for an undisclosed price.
The fully-let scheme, which comprises eight units and a drive-thru, sits on a 9.6 acre site and counts the likes of Lidl, The Range and Costa as occupiers. DTZ Investors said the contracted rent provides an opportunity for immediate reversionary potential.
The transaction forms part of its sector strategy and follows a number of recent acquisitions including Cantium Retail Park in Southwark and The Oaks Retail Park in Harlow.
Rebecca Burley, associate director at DTZ Investors, said: “Slough Retail Park is the dominant out of town retail destination in its catchment. Proposed reductions in retail space, both in the town centre and out of town, will further tighten supply, underpinning strong occupier demand in this location. This is a complementary addition to the fund, increasing allocation to retail warehousing which aligns with our strategic objectives.”
DTZ Investors was advised by Morgan Williams and Rosebury Real Estate. The vendor was advised by CBRE.
