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 19 hectare (48 acre) site in Nottingham.
Clients advised by Delancey and db symmetry completed the purchase of 38 hectares (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, 6.4 km (4 mi) 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 92,903 m² (1 million ft²).
Swindon District Council recently granted outline planning permission for the scheme, which can accommodate over 111,483 m² (1.2 mln ft²) 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.
Source: db symmetry
