Cubex and Fiera Real Estate (FRE UK) have announced that planning permission has been granted at Swindon Trade Park to develop a Grade A logistics scheme providing five new trade and two new urban warehouse units totalling 100,000 sq ft.

The site was purchased through the Fiera Real Estate Opportunity Fund V UK the fifth fund in FRE UK’s programmatic venture series with CBRE Investment Management. The site is located on the edge of Swindon town centre

This is the 18th acquisition for the fund which reached its final close earlier this year with £180m of capital and is targeting similar sites for industrial development around the UK.

Find out more here.