Abingdon-based Barkby Group, the diversified company which owns property and pubs and invests in leisure and life sciences companies, has exchanged contracts on a property development site in Swindon, Wiltshire. The Company is now in legal negotiations with prospective tenants who will enter into pre-let agreements for occupation at completion of the development.
It is proposed that the Company will develop a 30,000 sq. ft. mixed-use retail and trade scheme at the site. Under the proposed development, the site has an estimated gross development value of £7.5 million.
This adds to existing proposed schemes at Wellingborough, Maldon, Huntingdon and Saffron Walden which the Company is currently developing. The Company is in advanced negotiations to add to its development pipeline and will be making further announcements shortly.
Charles Dickson, Executive Chairman of Barkby Group Plc, commented: “I am delighted to have exchanged contracts for this site in Swindon, adding to our growing pipeline of commercial property developments. The site is well positioned and we are pleased that we are once again seeing strong demand from both the retail and employment sectors for new, well-located developments, despite the wider economic impact of the pandemic.”