Swindon Borough Council have today announced a new deal worth £270m, with experienced developers Seven Capital to redevelop the North Star site.
Seven Capital, one of the country’s most active developers, have taken control of the North Star site and will bring forward a 1,000,000sq ft regeneration.
A planning application is expected to be submitted within three – six months.
The plans are similar to those planned previously by Morai but will be redrawn with al existing pictures and plans disregarded.
When complete the site will provide hundreds of jobs to the local community with an indoor, Real Snow ski centre, IMAX cinema, bowling alley, hotels, new trampoline centre and a mix of bars and restaurants planned.
Work on the new development will start as soon as planning consent is received with the site earmarked for opening in 2021.
John Watkins, Director at Seven Capital said “This is a long-awaited development for the people of Swindon, and a very exciting project for Seven Capital,”
“Not only will it bring a host of new leisure activities and brands for residents to enjoy, it will also help to attract many more visitors to the area.
“In recent years, Swindon has become increasingly popular with London commuters, the arrival of a multi-million-pound leisure scheme will only serve to build on this and cement the town’s position as a real hotspot.”
Councillor Gary Perkins is happy to see the progress on the project and believes that in Seven Capital the council have found the right project company.
“This is a landmark development for Swindon and a real statement of our economic ambitions for the town,”
“The regeneration of North Star is one of the council’s key pledges and I am delighted we have teamed up with one of the country’s leading property investment companies in Seven Capital to deliver what will ultimately be the UK’s largest leisure destination, when one includes the Oasis Leisure Centre.
“I look forward to seeing the plans being submitted before the end of the year so we can push forward on one of the most exciting projects the town has ever seen.”
