Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Slough Estates has dismissed as premature reports of an imminent demerger of its £620 million ($1 billion) U.S. biotechnology parks.

Slough’s new chief executive, Ian Coull, has asked UBS to draw up a range of options for unlocking the value in its American assets. These include a sale, wholesale demerger, retaining a stake in a new company or a tax-efficient property investment trust.

The aim is to streamline Slough into a specialist development company better equipped to generate improved returns on capital than it can from pure property investment.

Slough has built a profitable business in the southern California property market with the development of the biotechnology parks. They have attracted tenants like Pfizer which now occupies 25% of the property in the portfolio and this has boosted the investment value of the estate.

Other areas where Slough believes there is a need for specialist developments included Washington, Boston, Philadelphia and Baltimore.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.