Retail Park and Residential Alternative Use. Mark Girling AND Julian Stephenson.
Housing, Retail & Leisure, Agency, Investment, Lease advisory, Planning
Aberdeen Standard Investments
This project was worked on by the following people, working in partnership from across our business…
- Nick Richardson Head of Retail and Leisure Sector Partner, Investment
- Rob Asbury Partner, Agency
- Robert Lawson Partner, Lease advisory
Key information
Montagu Evans introduced the investment opportunity and advised Aberdeen Standard Investments on the purchase of this prime bulky goods retail park in 2012 for £28.6m.
Subsequently, we have provided ongoing lease advisory and agency advice in several areas of asset management, which has included tenant engineering to reflect changing retail patterns and new lettings to Sofology, ScS, Natuzzi and KFC.
The site is strategically located close to Reading Railway station, soon to include Crossrail’s Elizabeth Line, with major office and residential developments in the immediate vicinity. Montagu Evans are now exploring the alternative use potential of the site to ensure the client is fully briefed on its options in a changing retail environment.
Parkbury, Radlett. Paul Londra AND John Hulme.
Industrial & logistics, Agency, Lease advisory
Picton