Slough’s Bath Road Shopping Park sells for £120.25m

Published by

Sam Pither

A retail park and drive-thru in Slough has been sold for a combined £123.75 million.

The retail park was sold to SEGRO for £120.25 million by Royal London Asset Management on behalf of The Royal London Mutual Insurance Society Limited, which originally acquired it from The Crown Estate in 2016.

Simultaneously, Royal London disposed of the drive-thru restaurant on the site to McDonalds, which previously leased the building.

CBRE and GunnerCooke advised Royal London, while SEGRO was represented by Knight Frank and CMS.

Senior asset manager at Royal London Asset Management. Elise Buchanan said: “Royal London is delighted to announce the sale of the Bath Road Shopping Park, Slough.

"In a challenging market, the price achieved reflects a premium to the existing use value”.

Portfolio fund manager for the Royal London Pension Property Fund, Stephanie Hacking said: “This is an excellent sale in a difficult market at a price that is accretive to fund performance.

"The sale will allow the fund to recycle capital into other sectors that we consider offer better future performance."

Featured image: Google Maps

Sam Pither

Sam is the Regional Editor of Biz News, responsible for both Hampshire and Dorset. A new recruit to journalism, Sam started writing for the Business Magazine as a freelancer in May of 2022 after completing his degree in English at University College London. His passion for local businesses and ability to tell a story soon caught the attention of the publication’s management team and have led to his meteoric rise. Sam, who lives in central Reading, takes a particular interest in technology, gaming and food and drink, having been a chef before starting his degree.