ABP takes part in Slough Estates

The Dutch pension fund ABP has taken a 4% part in British Slough Estates. The fund bought nearly 17 million shares with a total worth of £ 76,5 million (€ 115 million). This makes ABP one of the biggest shareholders of Slough Estates.

Slough Estates started in 1920, when the company acquired a 600 acre site for the Ford Motor Company on the Bath Road in Slough. Today Slough Estates owns commercial and industrial properties in the UK, France, Germany, Belgium, USA and Canada.

In 2003 the company realized a profit before tax of € 210 million. The portfolio has a property volume of £ 3,56 billion (€ 5,3 billion) of complete ownership and another £ 10,8 billion (€ 16 billion) in shares.

Source: Vastgoedmarkt

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