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Barkby strikes major commercial property deal in Swindon

21 December 2021
The Business Magazine article image for: Barkby strikes major commercial property deal 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 on Friday (December 17) that it is currently in legal negotiations with prospective tenants who will enter into pre-let agreements for occupation at the 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.

Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country.

An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts.

Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.

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