NFU Mutual has acquired a 5.3-acre development site in Swindon from Marq Logistics for £2.7m.
The company has appointed Graftongate as development partner to deliver the 80,000 sq ft consented logistics scheme with construction due to commence this month and practical completion targeted for Q1 2027.
Alex Pocock, property fund manager at NFU Mutual, said: “We’re delighted to be partnering with Graftongate on this development. This acquisition offers a compelling opportunity to deliver a prime logistics asset in a well-established location, underpinned by strong occupier demand.”
James Martyn-Smith, construction director at Graftongate, added: “This acquisition enables us to bring forward a high-specification, mid-box logistics development, in a proven location. We are pleased to be partnering with NFU Mutual on our first project together and look forward to exploring future opportunities.”
NFU Mutual was represented by Newmark and Cogent Real Estate acted on behalf of Graftongate.
