Capital Land - Great Stall East Site - Red line

Capital Land purchase 212-acre site at Swindon’s New Eastern Villages development

04/01/2021

Swindon-based Capital Land has completed the purchase of 212 acres of land at New Eastern Villages (NEV) Great Stall East, a significant step in the largest and most important urban regeneration development in the UK.

The next round of detailed planning is in progress and plans are for work to commence on the site in 2022. The Great Stall East development will be approximately 20% of the NEV development and is set to include 1,550 homes, a secondary school, a park and ride, and a sports hub.

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Amazon in Swindon

29/10/2020

Employment land within the New Eastern Villages will see Amazon take up residency in what is said to be the biggest single warehouse sale in British history. The leader of Swindon council says it’s a massive vote of confidence in the town.

Developer Panattoni was given permission in June for a huge new warehouse to be built at Symmetry Park – just off the A420 opposite the Gablecross police station – in what was described as a £400m investment in Swindon. While Panattoni is staying on the project as the developer, it has sold the warehouse to Legal and General Investment Management for £200m.

Amazon’s expansion, including the single 2.3 million sqft letting at Panattoni Park in Swindon, accounted for one-third of all 2020 take-up so far, a total of 11.5 million sq ft. The data from Cushman & Wakefield comes as Knight Frank released predictions that e-commerce will stimulate demand for up to 92 million sqft of new UK warehouse space in the coming three years.

The new warehouse space at New Eastern Villages is expected to be completed towards the tail end of 2021.

Image: istock

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Amazon Swindon