Kingsland Centre Thatcham, RG19 3HN
The pedestrianised Kingsland Shopping Centre provides the primary retail offer for Thatcham. An 18 unit scheme anchored by a 29,000 sq ft Waitrose.

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The pedestrianised Kingsland Shopping Centre provides the primary retail offer for Thatcham. An 18 unit scheme anchored by a 29,000 sq ft Waitrose.
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Thu Apr 17 2025
A major UK shopping centre has changed hands after being sold out of receivership. Savills, on behalf of receivers BDO, has sold Festival Place in Basingstoke to MDSR Investments for a total consideration of £99.1m. Comprising over 1.1 million sq ft set over 20 acres, Festival Place dominates the commercial core of the Hampshire town. The scheme is anchored by Marks & Spencer, Next, and H&M, with other occupiers including Superdrug, Apple, Nando’s, Sports Direct, Five Guys, TK Maxx, and Vue Cinema.
Wed Apr 16 2025
Asset and property management firm Estama has been appointed to manage Festival Place in Basingstoke, one of the largest shopping centres in the UK. The deal marks a major milestone for Estama since it became an Employee Ownership Trust, and continues the group's expansion of its managed portfolio in recent years. Spanning 1.2 million sq ft, Festival Place is is home to over 180 retailers including Next, Marks & Spencer, Sports Direct, H&M, and Rituals.
Fri Mar 21 2025
RK Real Estate has sold a Tesco supermarket in Newbury, Berkshire to real estate development company Gentian on behalf of a private client. The property was marketed with an asking price of £2.5m, reflecting a net initial yield of 7.93%. The asset is located at 17-19 Northbrook Street with the tenant, Tesco Express, recently signing a 10-year lease at a rent of £211,000 per annum. The property extends to a total of 19,264 sq ft across two floors and has a variety of potential asset management opportunities.