Windsor Yards sold to new owners in order to “boost” downtown

Windsor Yards has new owners who hope to rejuvenate the mall into a “modern development”.

The 260,700 square foot center, formerly known as King Edward Court, was acquired by AEW UK Investment Management as part of its Urban Real Estate Strategy (UREF).

Windsor Yards compromises a mix of uses including retail, hotel, supermarket, parking and residential.

AEW will work with the Royal Borough of Windsor and Maidenhead (RBWM) in a public / private collaboration and engage with local stakeholders with the aim of rejuvenating Windsor Yards.

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Windsor MP Adam Afriyie said the announcement brings “hope and a bright future” to downtown and is “over the moon” for Windsor.

He said: “Downtown Windsor has been asking for a boost for some time. With hundreds of local businesses, thousands of buyers and millions of visitors each year, this new investment and new approach should be warmly welcomed.

Nick Winsley and Charles Royle, UREF Co-Portfolio Managers at AEW, said: “High downtown streets like this one in Windsor have undergone significant changes over the past 15 years due to the continued closure of retail units, and the pandemic has only added to this fundamental shift.

“Windsor is a city of international renown, attracting visitors from all over the UK and abroad to visit the Royal Residence, its historic center and surrounding areas.

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“Windsor Yards is a great opportunity to acquire real estate in a prime location with the potential to transform the site into a modern development that can better meet the needs of Windsor, its visitors and its community. We look forward to seizing similar opportunities in the near future.

RBWM chief advisor Andrew Johnson added that he welcomed AEW’s investment in Windsor and looks forward to working with them.