The Crown Estate has completed the purchase of Bath Road Retail Park in Slough for £92m from SEGRO plc. The deal has an initial yield of approximately 5.5%.

The 194,485 sq ft site is fully occupied and let to 10 national retail chains including Next, JJB Sports, Mothercare and Argos. Current rental levels provide an income of £5.3m per annum. The retail park is located on SEGRO’s Slough Trading Estate and also comprises of 626 car parking spaces.

Jim Yates, head of regional and residential portfolio at The Crown Estate, said: “We completed the purchase of Bath Road Retail Park in just three weeks, sending a clear signal to the market that we are a reliable purchaser to deal with in this difficult market. Along with our acquisition of a 50% share of Crown Point Shopping Park in Leeds, this demonstrates our commitment to actively managing our regional portfolio.”