«SEGRO plc, the leading provider of flexible business space in Europe, has agreed and completed the sale of "Bath Road Retail Park", Slough, to The Crown Estate for £92m.
The deal, which reflects an initial yield of 5.5 per cent and an equivalent yield of 5.8 per cent, encompasses 18,068 sq m (194,485 sq ft) of A1 consented retail space, along with 626 car parking spaces.
Located within the south west corner of SEGRO’s Slough Trading Estate, the retail park is currently occupied by ten national retail chains, including Next, JJB Sports, Mothercare, Argos and B&Q Warehouse. In total, the asset provided an income of £5.3m, based on current rental levels that range from £21.25 to £37.50 per sq ft». (CS della Società)
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