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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, Commercial Agency and Advisory
  • Rob Asbury Partner, Commercial Agency and Advisory
  • Robert Lawson Partner, Commercial Agency and 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.

Kings House, Harrow. Tom Paton-Smith AND Matt Moran.

Offices, Agency, Investment, Lease advisory, Planning

Harrow Council

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