Twin shopping centre sale goes through

A "milestone" purchase of two shopping centres has been finalised after the buyers signed the contract.

Berkeley Homes said the purchase of the Queensmere and Observatory shopping centres in Slough, Berkshire, was a key part of the town centre regeneration.

The company, which previously developed the old Horlick's factory, said it was reviewing existing proposals for a mixed-use, residential led scheme, and that it would consult with the wider community and share its plans in the autumn.

Leader of Slough Borough Council Dexter Smith said the plans would "breathe new life into the high street".

"This is a hugely positive step forward for Slough," he said.

"The agreement with Berkeley Homes marks a turning point in our ambition to revitalise the town centre."

He said the regeneration would deliver more homes and public spaces to the town.

The 9.2 acre (400,752 sq ft) site already has outline planning consent for 1,600 new homes alongside new retail, leisure, and entertainment spaces.

Berkeley Homes said there were no immediate plans for the Observatory centre, and redevelopment would initially focus on Queensmere.

Berkeley Homes managing director Elkie Russell said they were "delighted" to have completed the deal to buy the sites.

"This is a pivotal moment for Slough and Berkeley Homes," she said.

"We are excited to deliver a new chapter for Slough that reflects the energy, ambition and diversity of its community."

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