Shanly Homes has triggered a long-standing option to buy The Anchor in York Road.
The developer, which also own the derelict block of houses attached to the pub nicknamed 'death row', has rented the premises to a new occupier and it remains open for business as usual.
Tamra Booth, operations director at Shanly Homes, explained the takeover had 'been on the cards' for a long time but will remain as a pub until the Royal Borough makes a decision over the York Road opportunity area, in which the building currently sits.
The council announced earlier this year that it would look to create a flagship town hub centred around a thriving public square at the site.
Tamra said: "This area is an important part of the regeneration of Maidenhead, which will crucially link together three other opportunity areas; Chapel Arches, the station and the Broadway Triangle.
"Creating these links through the town is essential for its long-term success.
"In the meantime, while the council decide how it wants this area to be designed, the pub has been rented to a new occupier."
Top Ten Articles
An extra £20,000 looks set to be allocated by the Royal Borough to fund a legal fight if Heathrow Airport is given permission to expand.