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AEW UK acquires two new units on Peascod Street in Windsor and brings new tenants to Windsor Yards Shopping Centre

AEW UK Investment Management (AEW) has acquired 113-115 Peascod Street in Windsor for GBP1.95 million for its Urban Real Estate Fund (UREF). 

Peascod Street adjoins Windsor Yards shopping centre which AEW bought in March this year. The units in Peascod Street cover 14,240 square feet over basement, ground, first and second floors and are currently occupied by River Island and Superdry.

At Windsor Yards AEW has let, or extended the leases, on eight units in the centre, which is located in the heart of Windsor’s shopping district, next to Windsor Castle. Acquired by AEW’s Urban Real Estate Fund Windsor Yards offers exciting asset management potential to ensure that the shopping centre best meets the needs of the town’s residents, businesses and visitors.

Four units have been let to an exciting range of tenants including Clarendon Fine Art (1,474 square feet, on a ten-year term), and MooBoo Bubble Tea (550 square feet, on a five-year term). Alongside conventional retail and F&B operators, the fund has completed shorter-term lettings to alternative uses including co-working space operator, Circa 45, (11,358 square feet for a three-year term) and the NHS.

In addition to the new tenants, existing tenants have confirmed their commitment to the scheme with lease renewals having completed with Robert Gatward Jewellers (4,128 square feet, ten-year term) and Pret A Manger (1,772 square feet, five years from October 2026) and Swarovski (491 square feet, on a three-year lease from November 2024).

Source: propertyfundsworld.com on the 16th November
(https://www.propertyfundsworld.com/2021/11/16/309309/aew-uk-acquires-two-new-units-peascod-street-windsor-and-brings-new-tenants)