Company to move its HQ
5:30am Thursday 24th April 2014 in By Elizabeth Mackley
INTEGRATED circuit manufacturer Swindon Silicon Systems will move under a single roof in Royal Wootton Bassett by the end of the year.
The company, which is currently based in three buildings around the town with their headquarters in Radnor Street, will move into Interface House at a business park in the town by the end of the year.
The company will lease the 34,690sq ft two-storey office building from estate investment managing company Mayfair Capital Investment Manage-ment, who bought the property for £4.65m.
Richard Mount, the director of sales and marketing at Swindon Silicon Systems, said: “We are leasing the building from Mayfair. “Our current headquarters are in Radnor Street but we have three buildings around the town. We will be moving all under one roof by the end of the year into Interface House.
“We chose Interface House purely for the size of the building and we needed somewhere big enough to move into.
“It’s 34,000 sq ft so there is enough room for us to expand under just one roof. It will be our new headquarters.
“It really is exciting we’re moving onward and upward and expanding. “It’s going to be fantastic. Everybody here is excited that we will be moving under the same building and that we are expanding as well. “Everything will be far more efficient under one roof.”
Mayfair bought Interface House with cash from its flagship fund, the Property Income Trust for Charities and has entered into a 20-year lease agreement with the company, which will pay an annual rent of £381,579.
The property is one of two recent acquisitions which have amounted to a total of £20.5m for the investment company.
James Thornton, the chief investment officer of Mayfair Capital and fund director of PITCH, said: “These two acquisitions offer a blended yield of 6.6 per cent which will enable the fund to continue to deliver a relatively high income distribution.
“Royal Wootton Bassett offers a secure, inflation linked income with a high yield and a long lease.
“PITCH continues to attract new investors for the charity sector on a monthly basis. “With a number of acquisitions in hand we expect the fund to exceed £300m fairly shortly.”