Home / Knowledge / News / Fashion / Swindon starts work on historic regeneration
Swindon starts work on historic regeneration
11
Dec '13
Swindon Designer Outlet in the UK began works on the regeneration of the historic Long Shop building, part of the Grade II-listed Great Western Railway Works.

The regeneration is part of a £35-million investment to incorporate the Long Shop as part of the extension of Swindon Designer Outlet, which will add 50,000 sq ft/4,700 sq m of new retail space, to bring the total to 250,000 sq ft/23,000 sq m.

The extension will also create around 350 new jobs once the works are finished in early 2015, increasing the total number of people employed at Swindon Designer Outlet to 1,100, making the centre a key employer in the town, which is just off the M4, west of London.

This will be the third extension of Swindon Designer Outlet since it opened in 1997, nearly 20 years ago. The centre was originally developed and is still managed by McArthurGlen. It is owned by Henderson Global Investors within the Outlet Mall Partnership - a fund for institutional investors, and one in which McArthurGlen itself invests.

Sven Gaede, McArthurGlen's UK Managing Director, says: "The start of the refurbishment and expansion works today is great news for Swindon and for the South West. It marks the relaunch of the centre as the region's must-visit fashion and shopping destination.

"As part of the extension, we will be bringing in new, exciting brands and improving the overall shopping experience. Shoppers will now also be able to experience and enjoy first-hand the refurbished Long Shop, with its conservation ensured for future generations."

Andrew Rich, Fund Manager for the Henderson UK Outlet Mall Fund, adds: "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 in a fund that has returned almost 10% IRR in a difficult period for the UK economy and property market, demonstrating the resilience of the outlet mall sector."

Ian Piper, CEO of Forward Swindon, the economic growth and regeneration company for Swindon, says: "We're delighted to see this level of investment into Swindon, and the enhanced facility will offer more high-quality shopping and eating options for our residents and workers, as well as visitors from further afield.

"The challenge of creating a stronger connection between the Swindon Designer Outlet and the rest of the town centre, as identified in the Masterplan, is an important element of our work at Forward Swindon."

McArthurGlen


Must ReadView All

Courtesy: Asmara Group

Apparel/Garments | On 20th Sep 2018

Fragmented nature of Indian apparel sector major challenge

A major challenge for the Indian apparel sector is its fragmented...

Courtesy: Aditya Birla Retail

Apparel/Garments | On 20th Sep 2018

Indian Aditya Birla Retail to be acquired by Samara-Amazon

India’s Aditya Birla Group has signed a deal to sell Aditya Birla...

India's 2018-19 forward cotton export contract up by 100%

Textiles | On 20th Sep 2018

India's 2018-19 forward cotton export contract up by 100%

Rise in demand from China, lower domestic prices and depreciation of...

Interviews View All

Karan Toshniwal, Orange O Tec

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Vidhyaa Shankar. S, A Ganapathi Chettiar

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Shawn Honeycutt, Bolger & O'Hearn

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Abhishek Dhanuka,

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search