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Property and investment group Barkby has announced that it has exchanged contracts on an unspecific property development site in Swindon.

Major commercial property deal struck in Swindon

Property and investment group Barkby has announced that it has exchanged contracts on an unspecific property development site in Swindon.

The Abingdon-based company – specialises in projects with a gross development value of between £3 million and £20 million – says it 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.

The group told investors this morning (Friday) that it is currently in legal negotiations with prospective tenants who will enter into pre-let agreements for occupation at completion of the development.

Charles Dickson, executive chairman of Barkby Group Plc, said: “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.”

The acquisition adds to the company’s portfolio of schemes in Wellingborough, Maldon, Huntingdon and Saffron Walden.

The business has expanded from its initial developments of trade parks to include retail warehouses, car dealerships and storage.

Pictured: An artist’s impression of the company’s development in Wellingborough.