The Future Of Slough – Regeneration and Reinvention
We have been hearing news of the future of Slough for months now. It is safe to say that we can currently see regeneration and reinvention happening right in front of our eyes. What is to hold for Aston Bond’s home town is awaited with much anticipation.
With the Crossrail train due to complete in the next two years, it will place commuters in London in around 30 minutes. In addition, the new Western Train link will allow you to reach Heathrow Airport in around 6 -7 minutes. Such major infrastructure projects, needless to say are a great improvement for everyday transport facilities however, in the long term the infrastructural development will also enable businesses to work closer together in a more efficient manner, and this will only increase Slough’s potential for economic business growth.
Commercial & Residential Development
We cannot refer to the future of Slough without discussing the commercial and residential development that is currently ongoing, and the impact this will have for the town.
The recent demolition of the old Slough Library site will be replaced with high quality hotels and restaurant facilities in the town centre and around the new commercial district, this is to take into account the demands that will arise from the improved business and conference facilities. Developers along with major employers in London have already noticed the lower rents and prices of both commercial and residential property. London occupiers will be looking for spaces outside London, in order to utilize areas for office purposes or for headquarters functions. In the long term the office buildings being built will provide workspaces for the rapid business world, and investment in business facilities can only increase the procurement of commercial business activity in Slough.
Two major longer term redevelopments include a substantial mixed commercial and residential use scheme on the previous ‘Thames Valley University’ site in Slough which is anticipated to include 1,500 more homes along with office and leisure developments. Another major redevelopment is to be implemented at the ‘Queensmere shopping centre’ in Slough, which has permission for a refurbishment and 674 flats built to be built above the renovated site. This will consequently increase employment opportunities and further elevate the employment market within Slough.
Meanwhile, Aston Bond’s home address, ‘Windsor Road’ in Slough will be the site of 100 new homes to be utilized by homeowners, or by investors looking to rent properties to City workers who are always looking for residential properties at a lower rental rate to London and with convenient proximity to work. In addition, the Windsor road will be one of many key routes where the infrastructure is being improved, it is anticipated to incorporate a mass rapid transit scheme that will transport workers from the Slough station to Bath Road offices, stopping at strategic points e.g. offices of major employers.
To conclude this is an exciting time for Aston Bond’s home town and we cannot wait to see the urban redevelopment come into fruition. If you are looking to invest into Slough as a business entity and require corporate advice, or are looking to invest in Slough’s boasting residential and commercial property industry, please feel free to contact us. As a leading Thames Valley firm that has developed and established itself in Slough, we can offer bespoke legal advice to our clients, and can also provide a personalised service regarding market trends in Slough, for investors who require a firm with experience in dealing with an extensive number of investment matters in Slough and adapted knowledge of the demographic area they are looking at for investment purposes.
Fun fact for those of you reading who are residents of slough, or are reading this blog and have never visited Slough; Sir William Herschel (1738-1822), the famous astronomer who discovered the planet Uranus in 1781 with a self-built telescope, lived in Observatory House on ‘Windsor Road’ (Aston Bond’s street address) from 1786 until 1822.