Benson Elliot buys in Slough
Published: 19 November, 2016
Benson Elliot adds to UK retail portfolio with acquisition of Slough retail park
Benson Elliot Capital Management has bought the Slough retail park in Slough, Berkshire from Standard Life, for its pan-European Real Estate Partners IV fund.
Originally developed in 1988 and extended in 1997 the park comprises 151,000 sq ft of lettable space across eight units, as well as 474 car parking spaces. It is currently fully let to eight tenants, including Carpetright, DFS and The Range. It is located in a prime location on the A4 Bath Road a mile from Slough town centre.
James Jakeman, partner at Benson Elliot said: “This is the third UK retail asset we have acquired on behalf of BEREP IV, reflecting our continued confidence in the sector for carefully selected assets.”
Cube Real Estate has been appointed asset manager by Benson Elliot.