Tikehau makes U.K. debut with shopping center deal

Tikehau Capital has acquired Nicholsons Shopping Centre in Maidenhead, United Kingdom, through its Real Estate Value-Added fund launched in 2018.

This acquisition is Tikehau Capital’s Real Estate Value-Added fund first acquisition in the United Kingdom. It represents the fund’s second investment following its partnership with Bouygues Immobilier for the Charenton-Bercy redevelopment project in the Greater Paris area. Launched in June 2018 with an initial closing of €300 million ($340 million), this pan-European value-added fund investing across all asset classes is a vehicle that offers co-investment opportunities to large institutional investors.

The Nicholsons Centre provides a site totaling more than 190,000 square feet over approximately 4.5 acres and boasts 68 stores with many well-established brands including H&M, Topshop, Tesco and Pandora.
The shopping center is located in the historical heart of Maidenhead, 26 miles west of Central London and close to the train station that will benefit from Cross Rail. The center has strong potential for redevelopment in line with comprehensive urban regeneration strategy initiated by the Royal Borough of Windsor and Maidenhead to substantially improve the Town’s facilities and appeal.