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  • Home
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  • Honda of the UK Manufacturing Confirms New Owner for Swindon Site
Press releases

Published:

26.03.2021

Honda of the UK Manufacturing Confirms New Owner for Swindon Site

Published:

26.03.2021

Honda of the UK Manufacturing Confirms New Owner for Swindon Site

Honda of the UK Manufacturing (Honda) has today announced it has entered into acontract for sale of its Swindon site. Originally purchased by the Japanese car manufacturer in 1985, the site will be sold to Panattoni, Europe’s largest developer of new build industrial and logistics facilities.

In 2019, Honda Motor announced a restructuring of its global automobile manufacturing operations, which included the cessation of production at the UK plantin July 2021, at the end of the current model cycle of the Civic Hatchback. Following the closure announcement, Honda committed to leaving the site in a responsible way, with asustainable legacy for Swindon.

Jason Smith, Director at Honda of the UK Manufacturing, said: “We are pleased to have identified a capable new owner of the site. From our engagement with Panattoni and initial discussions with Swindon Borough Council, we are confident that the new owner can bring the development forward in a commercially timely fashion and generate exciting prospects for Swindon and the wider community.”

Following the end of production on 30 July 2021, Honda will immediately commencethe decommissioning of the Swindon site. The site is anticipated to be legally handed over in Spring2022, and once the necessary consents have been obtained, Panattoni will start regeneration and redevelopment shortly thereafter.

James Watson, Development Director for Panattoni, said: “Panattoni is committing to invest over £700 million into the site to attract new employers and provide for existing businesses looking to expand in Swindon.We will be working very closely with Honda and Swindon Borough Council, along with the community and its representatives to regenerate the site.”

Matthew Byrom, Managing Director of Panattoni in the UK, said: “The acquisition ofthe 370-acre Honda facility demonstrates our capabilities to work at scale. The redevelopment of this strategic employment site will deliver thousands of new opportunities in roles which underpin the operation of the local and regional economy.”

Susie Kemp, Chief Executive of Swindon Borough Council, said: “The new opportunities outlined by Panattoni will be a major step in Swindon’s rejuvenation following Honda’s exit. Their investment offers asignificant boost to the local economy and we are excited by the prospect of this redevelopment creating thousands of jobs for Swindon and the surrounding area. We already have a strong working relationship with Panattoni following their recent development of the adjacent site, Symmetry Park, and look forward to working with them over the next year. We understand that Honda’s key aim was to identify a responsible new owner and I believe today’s announcement demonstrates that.”

As part of its continued efforts to leavea positive legacy in the local community, Honda will assess opportunities for small sections at the edge of the site that are not required for Panattoni’s development to be utilised by the neighbouring communities.

Panattoni will now commence all necessary planning work with Swindon Borough Council, with support from Honda.

For general media enquires please contact swindon@panattoni.com.

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A fifth project for Szczecin. Panattoni launches work on a new development

Panattoni has launched construction on a new project in Western Pomerania. Panattoni Park Szczecin V is to reach a size of 30,000 sqm and already its first tenant has been found.  A company from the catering industry has leased 8,600 sqm.

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Panattoni has been granted bank financing for Panattoni Park Zgierz. The EUR 23.3 mln loan was issued by PKO Bank Polski.

A new foundation on the map of Polish philanthropy

Polish businessman, investor and philanthropist, Robert Dobrzycki, has set up a new charity. It was created out of the belief that people are unlimited in their potential and helping them is an investment in the future. The mission of the Robert Dobrzycki Foundation is to help shape the development of society and promote Poland and Polish business on the world stage.

Panattoni has EUR 16.5 mln in financing for Panattoni Park Ruda Śląska IV from BGK

Panattoni has been granted EUR 16.5 mln in financing from Bank Gospodarstwa Krajowego (BGK) for the development of its Panattoni Park Ruda Śląska IV project. Construction work was launched in March on 34,000 sqm of modern warehousing space.

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