db symmetry, the logistics property development platform recently formed following the purchase of a 60% holding in Barwood Development Limited by clients advised by Delancey; a specialist real estate investment, development and advisory company, has secured another major project following its purchase of a 48 acre site in Nottingham.
Clients advised by Delancey and db symmetry completed the purchase of 96 acres known as ‘The Hub’ site at Swindon which occupies a strategic location on the motorway side of the town close to the intersection of the A420 Oxford Road and the A419 Stratton St. Margaret By-pass, 4 miles north of Junction 15 of the M4 Motorway.
The site offers the rare opportunity to have a single distribution warehouse building constructed in excess of 1 m sq ft.
Swindon District Council recently granted outline planning permission for the scheme, which can accommodate over 1.2m sq.ft. of logistics and industrial space, and granted detailed consent for the formation of a new access and junction on the A420.
The developer has already started to proceed with infrastructure and associated enabling works and will be looking to attract large scale logistics occupiers for bespoke developments.
Equation Ltd represented db symmetry/Delancey in the transaction and will, along with Savills, be retained to market the site going forwards.