Almost half of Kew Retail Park set to be redeveloped
Almost half of Kew Retail Park has been sold to developers for housing, according to reports in The Times and the property media.
The UK Commercial Property REIT, a listed investment trust managed by Aberdeen Standard Investments has sold the 4.7 acres it owns on the 10 acre site for £41 million.
The site is currently occupied by Boots, Sports Direct, Gap, Next and TK Maxx. It is understood that the retailers are all currently on short leases.
Reports say the Berkeley Group is the purchaser and iit plans to develop the site into flats.
The Berkeley Group has not made any comment.
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