Slough: AshbyCapital funds U+I

AshbyCapital has advised its group investment company on the funding of 2 Brunel Place, a major office-led regeneration project by U+I in the heart of Slough.

The 99,862 sq ft office building is the first phase of U+I’s Brunel Place project, which will redevelop a key site adjacent to Slough train and bus station into a new commercial hub for the town.

Brunel Place will deliver a new commercial quarter, as part of the wider £450 million Heart of Slough regeneration project which has delivered new infrastructure, a renovated bus station, a new cultural centre and library and is providing homes, retail and leisure space in the centre of the town.

In total, Brunel Place will create circa 358,000 sq ft of new office space across three buildings designed by Sheppard Robson with a total investment value of circa £200m.

2 Brunel Place will kick-start the wider regeneration project, with contractor Bowmer & Kirkland now on site and construction scheduled to complete in Q1 2018.

The building, which is situated moments from the recently-renovated high street, is close the new bus station and is next door to the National Rail station, which will welcome Crossrail – the Elizabeth Line – as partly operational in 2019. 

Crossrail will improve journey times to and from Central London with Bond Street 32 minutes and Farringdon 37 minutes away. Access to Heathrow Airport will be shortened to six minutes following the opening of the Western Rail Access to Heathrow (WRAtH). The development also benefits from easy access to the M25 and M4.

2 Brunel Place has been designed to achieve a BREEAM ‘excellent’ rating and includes a double-height entrance foyer, shower and changing facilities, flexible 14,500 sq ft floor plates, covered secure car parking and sustainable features including green roofs and rainwater harvesting.

JLL represented AshbyCapital on the funding. Letting agents for Brunel Place are Cushman & Wakefield and JLL.

Credit: CoStar