The former Intel UK headquarters in Swindon has been acquired by MCR Property Group and could be set for a £130 million residential-led regeneration.
The real estate investment and development firm acquired the 187,650 sq ft freehold office on Pipers Way for an undisclosed price.
Located in a prominent position half a mile south of Swindon Old Town, with direct access to Junctions 15 and 16 of the M4, the office campus extends to 12.87 acres.
The three interlinked buildings also benefit from substantial infrastructure, including 500 car parking spaces.
The transaction forms part of MCR’s UK-wide growth strategy, supported by its debt facility with Pollen Capital.
Martin Brown, director of commercial property at MCR Property Group, said: “This was a high-conviction acquisition aligned with our UK growth strategy.
“With the support of our funding platform alongside Pollen Capital, we are actively deploying capital into assets where we can take control and drive value.
“Opportunities of this scale, with this level of connectivity and flexibility, are increasingly rare at this pricing level.”
Henry Routledge, acquisitions manager at MCR Property Group, added: “We moved quickly and with conviction to secure this asset.
“Acting decisively allowed us to agree terms that represent strong value relative to the scale and landholding.
“Pipers Way gives us control of a significant site with genuine flexibility, and we are confident in the long-term fundamentals underpinning the location.”
MCR confirmed it has commenced early-stage work on a residential-led regeneration scheme for the site, with an estimated gross development value of approximately £130 million.
The scheme would be cable of delivering around 350 homes, subject to planning.
As proposals are brought forward, the developer will work closely with local stakeholders.
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