Tikehau Capital, acting through its Real Estate Value-Added fund launched in 2018, with the cooperation of Areli Real Estate, has acquired the Nicholsons Shopping Centre in Maidenhead. 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 Cross Rail. It totals over 190,000ft² and boasts 68 stores with many well-established brands including H&M, Topshop, Tesco and Pandora. The asset has strong potential for redevelopment in line with comprehensive urban regeneration strategy initiated by the Royal Borough of Windsor and Maidenhead to substantially improve the Town’s facilities and appeal. This acquisition is Tikehau Capital’s Real Estate Value-Added fund first acquisition in the UK. The purchase price was not disclosed.
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.
Areli partner Rob Tincknell said: “Areli is thrilled to be supporting Tikehau Capital purchasing and repositioning this important project. The Royal Borough of Windsor and Maidenhead have clearly demonstrated an impressive placemaking strategy to improve Maidenhead town centre and boost both vibrancy and vitality. Through the potential regenerating of the centre, we are really excited to help deliver those goals.”
