Francis George Solicitor Advocate in Swindon are celebrating the successful preparation and negotiation of the £35m project that will revitalise one of the town’s most historic areas.
After years of careful negotiation with Swindon Borough Council, establishing an agreement to renovate the former Locarno ballroom in Old Town, the project is now entering the transformative phase.
Steve Rosier, the Project’s Director, said: “It’s been seven years since Francis George started on this project. They’ve worked on the framework and demonstrated how landowners and local authorities can work together to apply transformative change.”
“The next steps,” said Mr Rosier, “are to finalise the joint venture agreement with the land owner and make an agreement with the builders.”
In 2020 the Grade II listed building, which is to become known as The Exchange, will reopen its doors as a hub for shops, restaurants, bars, bistros, a boutique cinema and niche shops.
And Mr Rosier believes that if Francis George Solicitor Advocate had not gone out of their way to keep costs down, then the contracts may not have been completed at all.
Maintaining competitive pricing has always been important at Francis George Solicitor Advocate, and The Exchange negotiations, all in accordance with the planning brief, demonstrate the bespoke service applied across all their property conveyancing and commercial matters.
Estimates by Francis George Solicitor Advocate point to significant commercial and residential growth in light of the development; 30% increases may well be observed in valuations.
The vision, shared publicly on www.theexchangeswindon.co.uk, is to make a significant difference to not only the iconic building, but also the surrounding High Street, Wood Street and Market Square. The area is to become friendlier for people to live, work and enjoy, with entertainment and sustainable street markets also to be encouraged.