A FAMILY-owned trading company has bought the freehouse of a commercial property in Maidenhead.
The RO acquired 6 Bell Street from LaSalle Investment Management for £4.5 million. The property is let to three blue chip tenants: Aspen Pharmacare; Profitero, the leading eCommerce performance analytics platform; and La-Z-Boy, an American furniture manufacturing business.
Located in Maidenhead’s town centre, the office building comprises 10,821 sq. ft. (IMPS) and is arranged over a ground floor and two upper floors, together with 43 parking spaces.
David Kershaw, Group Real Estate Director, the RO, was pleased with the investment, the company’s first in recent months.
“It made sense for that investment to be in Maidenhead, a thriving town with a very active business community, which is also home to Maersk, FM Global, and Blackberry,” he said.
“It was the proximity to the train station which proved attractive for us particularly with the arrival of the Elizabeth Line later this year.”
He said that the company was seeing a “significant increase” in demand for quality office spaces in and around the London commuter belt.
“Hybrid working practices and a rejection of long daily commutes are trends which are pushing businesses and people away from central London and into places like Maidenhead,” he said, adding tha the company was keen to secure similar sites.
The RO Group was advised by Osborne Clark and Gerald Eve. LaSalle Investment Management was advised by Mayer Brown and Kimmre.
