Gazeley is buying the freehold of a vacant 100-acre site in Swindon for an undisclosed sum. The site, formerly called The Triangle, is currently owned by a consortium of private landowners and the deal is subject to Gazeley obtaining detailed planning consent, which is expected early next year.
The company, part of US group Wal-Mart, is drawing up plans for up to 116,125sq m of B8 distribution warehousing. The £95M Swindon scheme is located on the A419 north-east of Swindon and next to Honda’s UK car manufacturing plant. It is also within easy reach of the M4’s J15.
Nigel Godfrey, development director at Gazeley, says: “The site is characteristic of the size and quality of industrial / distribution schemes that Gazeley is renowned for delivering. Due to increasing demand for large units, the site is expected to attract interest from blue chip occupiers seeking large B8 representation in this important M4 corridor location.”
Gazeley was represented by NAI Fuller Peiser.