British Land has confirmed the £74m acquisition of a 198,000sq ft (18,395sq m) mixed-use scheme in Maidenhead, which comprises 85,000sq ft (7,897sq m) of leisure floorspace.

The leisure component of the Grenfell Island development is anchored by an Odeon cinema and a health club, while the remaining floorspace is occupied by office units. British Land has announced that the weighted average lease length for the entire property is 10.7 years, while the acquisition is to generate a net initial yield of 7.5 per cent.