RO Group has bought further development land in Swindon, Wiltshire, as it seeks to capitalise on demand for high-quality industrial space in the region.
Earlier this year, the firm bought a 9.7-acre site, known as Home Farm on the A420 from Sainsbury’s with the view to bring forward a £30m scheme featuring roadside retail, industrial, logistics and storage.
The new acquisition comprises 11.6 acres directly to the south of Home Farm, extending RO’s total site to 21.3 acres. The gross development value of the extended scheme is around £70m.
Home Farm forms part of the Swindon Borough Council’s New Eastern Villages development, which is set to deliver 8,000 homes, schools, employment space and community facilities.
Nick Cashmore, investment director at RO, said: “This further acquisition underpins our commitment to a prominent location in Wiltshire, increases the scale of our ownership, and opens the door to several different uses, such as industrial, logistics, trade, storage and retail.
“We continue to seek new land opportunities with a focus on development sites with excellent roadside prominence throughout the Midlands and South of England.”
RO was advised by Loveday and Osborne Clarke.
Photo from RO Group
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