Sunday, December 16, 2012

£35m expansion for Swindon Designer Outlet Centre

Almost 50,000 sq ft of retail space is to be added to the Swindon Designer Outlet Centre as part of a £35m investment in the centre.

Henderson Global Investors has received consent for the development which includes the regeneration of the Victorian Long Shop, built as part of the grade II-listed Great Western Railway Works, which will become part of the centre.

The development would create a new hub of up 30 additional retail stores and create an estimated 350 jobs, taking the total number employed at the centre to 1,100.

There is also set to be a new restaurant offering which will introduce four new 'dine-in' brands to the centre.

Swindon Designer Outlet Centre is managed by McArthurGlen and owned by the UK Outlet Mall Fund. The fund is managed by Henderson Global Investors and McArthurGlen is also an investor.
Henrik Madsen, managing director of McArthurGlen, said: "Now that the planning application for the regeneration of the Long Shop has been successfully received and approved, we can begin the process of significantly extending our retail space, in particular bringing in more of the most sought-after brand names and to provide a truly inspiring restaurant offering.

"This is an exciting phase not only for Swindon Designer Outlet, but also for Swindon – creating up to 350 new jobs, and adding 30 new retail units to the centre. This will undoubtedly attract new shoppers to the area, including those within the accessible 90-minute drive time."

Andrew Rich, fund manager for the Henderson UK Outlet Mall Fund, added: "We are delighted to have received planning permission for the transformation of the Long Shop and extension of

Swindon Designer Outlet. This will further establish the centre as the must-visit, shopping destination in the South West and immediate local area.

"Investment in retail properties is a major part of Henderson’s total £12.3bn of property assets under management. Swindon is a very successful centre within our outlet mall portfolio, and the expansion is part of our investment strategy to continue to deliver strong performance for our investors."

Swindon Designer Outlet Centre opened in 1997 and currently has more than 90 brands based at the site.


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