Property & Construction

Slough: Retail Park in £35m acquisition

Published by
TBM Team

pbb Deutsche Pfandbriefbank has provided an investment facility totalling £35 million to BE Slough BV for the acquisition of Slough Retail Park on the Bath Road.

Slough Retail Park is a freehold fully-let retail park located on a primary out-of-town route. The park is the principal furniture retail destination for the catchment and is let to a range of retailers including DFS, Carpetright, Smyths Toys, Steinhoff (t/a Harveys), ScS, AHF, Sofology and The Range.

Benson Elliot Capital Management’s recently closed pan-European private equity fund, Benson Elliot Real Estate Partners IV LP was oversubscribed with approximately €700m of capital at its disposal.

BE Slough BV is a wholly-owned subsidiary of the Fund. Benson Elliot, founded in 2005, is an independent private equity real estate fund manager, with over €1.5 billion of equity under management. The UK-based, FCA regulated firm has a pan-European investment platform and has transacted in the UK, France, Germany, Italy, Spain, Central Europe and Scandinavia. The firm is led by Marc Mogull, Trish Barrigan and Joseph De Leo.

Courtesy: CoStar

TBM Team

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