Swindon & Wiltshire News
Former Intel HQ could become homes in Swindon property deal
The former headquarters of Intel UK in Swindon has been acquired – and could become homes subject to planning permission.
The building offers 187,650 sq ft freehold office campus extending to 12.87 acres a mile south of Old Town, with direct access to Junctions 15 and 16 of the M4.
The three interlinked buildings sit within a mature landscaped setting and benefit from substantial infrastructure, including 500 car parking spaces.
MCR Property Group confirmed it has commenced early-stage work on a residential-led regeneration scheme for the site with an estimated gross development value of approximately £130 million, capable of delivering around 350 homes, subject to planning.
Martin Brown, director of commercial property at MCR Property Group, said: “This was a high-conviction acquisition aligned with our UK growth strategy. With the support of our funding platform alongside Pollen Capital, we are actively deploying capital into assets where we can take control and drive value.
“Opportunities of this scale, with this level of connectivity and flexibility, are increasingly rare at this pricing level.”
Henry Routledge, acquisitions manager at MCR Property Group, added: “We moved quickly and with conviction to secure this asset. Acting decisively allowed us to agree terms that represent strong value relative to the scale and landholding.
“Pipers Way gives us control of a significant site with genuine flexibility, and we are confident in the long-term fundamentals underpinning the location.”
