NFU secures Swindon site for speculative midbox scheme

By Liza Helps, Property Editor, Logistics Matters

THE SITE, totalling 5.3 acres, has been acquired from Marq Logistics for £2.7 million ft2 and will be developed speculatively with newly appointed development partner Graftongate.

Construction is due to commence this month, with practical completion targeted for Q1 2027.
NFU Mutual Property Fund Manager Alex Pocock said: “This acquisition offers a compelling opportunity to deliver a prime logistics asset in a well-established location, underpinned by strong occupier demand.”

Graftongate, construction director James Martyn-Smith, added: “This acquisition enables us to bring forward a high-specification, midbox 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.”

The site is located on the A419, near Junction 15 of the M4 motorway. It has planning permission for an 80,927 ft2 BREEAM Excellent and EPC A rated  facility with 68,516 ft2 warehouse with 12.5m eaves and 16 dock and two level access doors served by a 33.8m yard with parking for seven HGVs. Planning details include a 6803 ft2 of office space as well as a 1,269 ft2 office undercroft.

NFU Mutual was represented by Newmark, with Cogent Real Estate acting on behalf of Graftongate.