Swindon sees biggest warehouse sale in history

By Ben Carey on 19 October, 2020

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 economically again.”