Nicholsons centre bought out of receivership
Tikehau Capital, acting through its Real Estate Value-Added fund launched in 2018, has bought the Nicholsons shopping centre in Maidenhead from the receivers. The purchase, in partnership with Areli Real Estate, is Tikehau Capital’s Real Estate Value-Added fund’s first acquisition in the UK. The purchase price was not disclosed.
The shopping centre is located in the historical heart of Maidenhead, 26 miles west of Central London and close to the train station that will benefit from Crossrail. It totals over 190,000 sq ft and its 68 stores house many well-established brands including H&M, Topshop, Tesco and Pandora.
Tikehau Capital’s head of real estate Frederic Jariel said: “This deal confirms our strategy to focus on repositioning well-located assets to unlock their full potential. This investment is a key milestone in the deployment of our value-added fund throughout Europe and is in line with Tikehau Capital’s strategy to strengthen the development of its activities in the United Kingdom.”