The former Intel UK headquarters in Swindon could be set for a £130m residential-led regeneration following its acquisition by MCR Property Group.
The group has completed the acquisition of Pipers Way, a 187,650 sq ft freehold office campus extending to 12.87 acres.
The former Intel UK headquarters occupies a prominent position half a mile south of Swindon Old Town, with direct access to Junctions 15 and 16 of the M4. The three interlinked buildings sit within a landscaped setting and benefit from substantial infrastructure, including 500 car parking spaces.
The deal forms part of MCR’s UK-wide growth strategy, supported by its debt facility with Pollen Capital, enabling the group to move decisively on large-scale opportunities across the country.
MCR confirmed it has begun early-stage work on a residential-led regeneration scheme for the site with an estimated gross development value of approximately £130m. The scheme could comprise about 350 homes, subject to planning.
The developer intends to work closely with local stakeholders as proposals are brought forward.
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.”