Slough, home to Europe's largest trading estate in a single ownership, has one of the highest numbers of global company headquarters in the UK, including O2 Telefonica, Mars, DHL as well as Chinese tech firms Yitu, Oppo mobile and ZTE.
Slough has a thriving employment market due to the expansion of the tech industry, a fast-growing population due to the affordable housing prices, is attracting a highly skilled and young workforce with a strong entrepreneurial spirit who call Slough home. Centre for Cities 2020 also rated Slough as the most productive town per person in UK, with the 2nd highest weekly salary paid after London, due to the strong local economy.
Eton College is in neighbouring Windsor, less than 2 miles (about 3km, 7 minutes' drive) away. This world-renowned school (established since 1440, 580 years old), has educated some of the world's top leaders and royalties, including UK Royals Prince William and Prince Harry as well as some 20 UK Prime Ministers, the first known British Prime Minister Sir Robert Walpole, and more recently David Cameron and Boris Johnson.
Windsor Castle (1 train stop from Slough station in 6 minutes), with a history of nearly 1000 years old, is the largest occupied castle in the world and remains a working place to this date. The Queen uses the Castle as both her private home where she spends most of her weekends, and official Royal residence when she undertakes formal duties. The Castle is also a popular tourist spot and is open to the public all year round.
Slough Council has ambitious plans for the town and it strives to be the most competitive location outside London, building on its steady and sustainable growth underpinned by its successful local economy, with plans to further expand the growing digital technology sector.
Infrastructure & Transformation
Slough is on an exciting journey of regeneration with the game-changing infrastructure of the Elizabeth Line underway - Europe's largest infrastructure project. Due to open in 2022, the Elizabeth Line will have direct services to Heathrow International Airport (15 minutes), Oxford Street (31 minutes), Liverpool Street (38 minutes), Canary Wharf (46 minutes) and Stratford (47 minutes).
Slough will further benefit from the proposed Western Rail Link to Heathrow (which is expected to complete in 2028), improving connections throughout the Thames Valley region - linking Slough directly to the airport in 7 minutes.
Currently Slough residents are benefiting from the Great Western Rail services from Slough station, which is just 15 minutes to Paddington Station via the express service, 20mins to Reading (for Reading University) and 38 minutes to Oxford (for Oxford University).
Furthermore, Slough Council has also secured a £3.5bn regeneration programme backed by major investors including Berkeley, Morgan Sindall, the Abu Dhabi Investment Authority, Aberdeen Assets, that will transform the future of Central Slough, creating approximately 10,000 jobs, developing Slough into a world class location and a centre point for cultural and leisure for the community.
With FDI's latest European Cities Rankings 2020/21 branding Slough 'European Small City of the Future', and £24m of investment secured to transform Slough into 'one of the world's best digitally connected towns', Slough is set to become the UK's latest investment hotspot.
According to Rightmove data dated September 2020, the average Slough property prices is about 40% below London prices, and only being 15mins to London via the fast train, this makes it a cost-effective housing alternative to London. Coupled with rapid expansion of the tech industry and new foreign direct investments coming into Slough, this is the perfect opportunity to invest at the early stage of the regeneration.
Berkeley, an award-winning UK developer, a master in their craft as one of the most well-renowned master plan regeneration developer, is playing a key part in Slough's transformation with works underway to transform the Horlicks Factory site, into a vibrant new community, known as Horlicks Quarter.
Horlicks Quarter is a 12 acres master plan regeneration development that will take approximately 10 years to complete.
The redevelopment is led by award winning architect Sheppard Robson in partnership with landscape architect Bradley Murphy Design, drawing on industrial heritage of the factory and by applying natural assets to create a community focused and vibrant development.
The original factory building will be converted into apartments and penthouses with a rooftop garden, which will sit alongside contemporary apartment buildings. The iconic Clocktower, War Memorial and Factory Chimney will also be restored to their former glory. These will be enhanced by the creation of new high quality public open spaces and gardens, with a new central square at Clocktower Place to include a nursery and a proposed café for everyone in the local area to enjoy.
The regeneration development will feature up to 1,300 high quality new homes, a mix of apartments and houses, plus a new public pedestrian/cycle link through the site which will provide a quicker route to the town centre and train station for the surrounding neighbourhood. The development will also include residents' amenities such as co-working spaces, cinema, gymnasium and a 12-hour concierge. Phase 1 release price starts from just £255,000 for a 1 bedroom and £369,950 for a 2 bedrooms 2 bathrooms, with anticipated rental yields up to 5.5%.
All apartments are beautifully interior designed and fully fitted with top specifications. The apartment comes with fully fitted soft close kitchen cabinets, stone worktops and full tiled splashback, electrical appliances such as oven, cooktop, rangehood, dishwasher and fridge freezer. It also comes with feature pendant lighting above breakfast bar where applicable.
The living, kitchen & dining areas are fitted with timber effect flooring, double glazed windows for more efficient heating and sound insulation. Bedrooms are fitted with carpets and apartment comes with 1 bespoke built-in wardrobe. Bathrooms are fully tiled from floor to ceiling, with wall mounted mirror cabinet provided, wall mounted WC with concealed cistern and soft closing seat cover to create a truly hotel style experience, finished with black metal frames that carries the industrial design throughout the apartment.
All apartments in the first release come with an open terrace or balcony to enjoy the outdoors and the garden views.
The first phase first release apartments will feature Darjeeling House, a low rise, low density apartment building of only 79 units will be the very first to be made available for purchase. Darjeeling House consists of 1 and 2 bedrooms apartment with some apartments looking into the Aquifer Garden.
Cornerstone Xstate and Benham & Reeves will be showcasing phase 1 of this iconic development. Register to book your zoom appointments now.
Apart from advising on purchase procedures, Benham and Reeves are also able to advise on UK lettings and property management process, as well as UK taxation for foreigners, for those who wish to understand more.
If you are interested to attend or understand more about the investment opportunity and the master plan, kindly make an appointment with Melvin (PEA 2346) at 012 228 6478 or Michelle (PEA 2347) at 013 388 6813.
Cornerstone Xstate Sdn Bhd 1289663-A | A-5-10 & A-5-11 Block A, Ativo Plaza, No.1 Jalan PJU 9/1, Damansara Avenue, Bandar Sri Damansara, 52200 Kuala Lumpur. T 03 6261 7238. Benham & Reeves | A-1-10 Plaza Damas 3, Block A Jalan Sri Hartamas 1, Sri Hartamas, 50480 Kuala Lumpur. T 03 6211 6478. Approval number: LPEPH/FE/001/2021(KL).