The RO Group has acquired a 9.7-acre mixed-use development site in Swindon for an undisclosed price.
The Home Farm site, which is located on the busy A420, forms part of the greater New Eastern Villages development plan, which comprises around 8,000 new homes, new schools and community facilities.
RO Group said the site offered the potential for a number of different uses including roadside retail, industrial, logistics and storage.
Nick Cashmore, investment director at RO Group, said: “We are delighted to have invested in Swindon, and we look forward to developing this site into a thriving mixed use scheme. We have diligently searched for sites in the South of England and are pleased to have now identified the perfect location for our next major development.
“The site is excellently placed on the A420 Swindon to Oxford road making it an ideal location for a variety of potential uses. The area is already a hive of activity. Neighbouring occupiers include major retailers such as Sainsbury’s and Dunelm as well the regional distribution hubs for Amazon and Iceland. We continue to seek new land opportunities similar to Home Farm with a focus on development sites with prominence and roadside visibility throughout the Midlands and South of England.”
RO Group was advised by Loveday, Savills and Osborne Clarke on the transaction.
