RO Group Completes £11M Sale of Waterside Place to Signature Properties

The RO Group, a private equity firm, has completed the sale of Waterside Place, an iconic collection of waterfront office buildings in Southampton, to Signature Properties for £11 million. This transaction aligns with the RO Group's strategy of unlocking property value through strategic divestments, following a recent sale in Sevenoaks. Located in Town Quay, Waterside Place is a significant commercial area with connections to the maritime and shipping industries, as well as regional governmental functions. The property spans 49,649 square feet across three buildings and boasts modern facilities and excellent transport links. The sale is part of the RO Group's broader plan to reinvest in industrial and roadside sectors in the Midlands and South of England, while Signature Properties views the acquisition as part of its growth and investment strategy. The deal involved advisory support from CBRE and reflects the opportunity for further redevelopment and value enhancement at the site.