Amey Rail letting signals further recovery for Swindon’s town centre office market

June 19, 2014
By

Swindon’s rail heritage is helping get its town centre office market back on track – with the latest major letting coming from railway infrastructure firm Amey Rail.

The firm, part of the giant Amey public services and infrastructure engineering group, has taken 10,538 sq ft of space in the showpiece Station Square office scheme.

The move, part of Amey Rail’s expansion in the town centre, means that Station Square is now 85% let following the arrival of Pre-Pay Technologies and Arthur J Gallagher over the past 12 months. It is also another boost for the area which suffered a severe slowdown in activity during the recession.

Station Square, owned by the Amalgamated Berkshire Group, is the only Grade A building in either the town centre or out of town.

Swindon property agent Loveday, which handled the Amey Rail deal, said it was in detailed discussions over the remaining vacant top floor office suite of 2,500 sq ft and ground floor office suite of 4,800 sq ft.

Swindon town centre office occupiers include Network Rail, First Great Western, maintenance firm Colas Rail and a number of rail engineering and consulting group attracted by its strong railway industry. The electrification of the main Great Western line from London Paddington to Bristol is also expected to boost the town centre office market.

Loveday’s Bradley Forbes said: “This is a very significant letting for Swindon and Station Square.  Amey Rail continues to expand and we are delighted that they have chosen to remain in the heart of Swindon town centre. 

“The town centre office market has seen something of resurgence over the last 6-12 months driven mainly by the rail industry and we expect this to continue for the foreseeable future.  This is clearly great news for Swindon generally.”

Joint agents on Station Square are Savills.

 

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