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Lumina and XLB buy Observatory House

Lumina Real Estate Capital and XLB Property have bought Observatory House , Slough from Helix Property Advisors for £10.6m in an all-cash deal.


The 84,000 sq ft property on Windsor Road is let to Fujitsu Services until December 2014.


When Crossrail opens, Slough will a 17-minute journey from Bond Street Station in London, while the new Western Rail Access to Heathrow will take passengers to the airport in six minutes.


James Armstrong of Lumina Real Estate Capital said: “We are excited to have acquired Observatory House with XLB on behalf of Lumina Special Situations Fund II. The fundamentals of the property coupled with the continuing regeneration of the town centre fully match the fund’s value-add criteria.”


 

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