One of the most historic town centres in England is for sale – as one entity.
BNP Paribas Real Estate and Strutt & Parker, alongside investment firm and current owner Targetfollow, are offering for sale The Pantiles, the celebrated Georgian arcade at the heart of Royal Tunbridge Wells.
It is offered for sale for only the second time in 250 years. The asking price is not being disclosed publicly.
The sellers say: “This is one of the rarest offerings to reach the UK property market in a generation.”
Also included is residential and workspace, with the potential to refurbish up to 28 apartments.
The Pantiles spans 40,074 sq ft across 25 retail and restaurant units, set within the Georgian colonnade.
Occupiers include The Futon Company, The Diamond Setter and Socktopus. Acclaimed restaurants trade alongside them, including Sankey’s and Essence at The Pantiles, run by twice Michelin starred chef Atul Kochhar, and Senza Fondeli.
The Pantiles drew 1.6m visitors in 2025, a figure projected to rise to 2m this year, and it was named a top three UK destination in the American Express Shop Small Awards in 2023.
Royal Tunbridge Wells ranks in the top one per cent of the UK’s 4,500 shopping centres. The estate produces £936,855 per annum today, rising to £1,068,354 on reversion.
It comes on sale together with Tunbridge Wells and Rusthall Commons, comprising some 250 acres of open and wooded land at the town’s centre.
A spokesperson for BNP Paribas Real Estate says: “The Pantiles represents an exceptionally rare opportunity to acquire one of the UK’s most recognisable and historically significant mixed-use estates.
“Opportunities to purchase assets of this scale, heritage and quality are incredibly scarce, particularly those that combine strong existing income with genuine long-term asset management and placemaking potential.
“The estate’s diverse occupier mix, resilient performance and enduring appeal as a destination make it a compelling proposition for investors seeking both secure income and the chance to steward an iconic piece of British history.”
The ancient Lord of the Manor of Rusthall title is also offered for sale. Its most recent holder before Targetfollow was Jeremy Menuhin, son of the violinist Yehudi Menuhin.
