Swindon has seen the biggest
single warehouse sale in British history, with a soon-to-be-built property
selling for £200M.
The huge new warehouse
on the outskirts of Swindon will be used by the “worlds’ largest online
retailer” according to the developer’s agent, fuelling speculation that it will
be let to Amazon on a 20-year lease for around £10M a year.
In the summer, developer Panattoni was granted planning permission
for the new warehouse to be built at Symmetry Park and subsequently sold the building
off-plan to Legal and General Investment Management for £200M. Construction is
expected to be completed by the end of 2021.
Amazon has previously said it
wants to create 7,000 new jobs in the UK this year, bringing its total UK
workforce to 40,000, with plans to hire an additional 20,000 seasonal workers over
the Christmas period.
Swindon Borough Council Leader, David Renard, said, “This is
another major vote of confidence in Swindon. It shows the belief and interest
major companies have in the Swindon economy.
“The new warehouse will bring a lot of jobs to the town and it
reinforces my opinion that Swindon will make a success of reinventing itself