Newbury’s Parkway shopping centre is at the centre of a potential acquisition by the Eton College Common Investment Fund.
A report in CoStar News has said the fund is in talks to buy the 475,000 sq ft, £120 million scheme, built in 2012, for just £17m from abrdn.
The world- famous school established the fund in July 2006 as the pooling scheme through which its various funds are invested.
CoStar says the fund is advised by Clearbell while abrdn is advised by Time Retail Partners.
The Parkway centre suffered from the loss of its 40,000 sq ft John Lewis in 2020 although Next has replaced it.
Its Debenhams unit is to be largely replaced by Primark when it opens next year. Other recent lettings include openings of The Fragrance Shop, Trespass, Cards Direct and Pandora.
FMX and Lunson Mitchenall are the centre’s leasing agents.
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