DTZ Investors acquires Slough Retail Park
DTZ Investors has acquired Slough Retail Park, a fully-let scheme comprising eight units and a drive-through.
Spanning 121,000 sq ft across a 9.6-acre site, tenants at the retail park include Lidl, The Range, and Costa Coffee.
DTZ Investors said the transaction forms part of its essential retail 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: “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. CBRE advised the vendor.