SWINDON Borough Council has welcomed reports of the Designer Outlet being sold to new owners.

The Times revealed earlier this week that a LeSalle Investment Management picked up the retail destination along with Cheshire Oaks for a whopping £600 million.

Councillor Gary Sumner, cabinet member for strategic infrastructure said: “It’s great to see the future of the Outlet Centre secured.

“The site is a valuable asset to Swindon and brings in millions of tourists every year who get to experience a great shopping centre set in an excellent historical setting.

“The fact that visitors can shop in such a unique setting is something that only Swindon can offer.

"Where else can you purchase Converse shoes or a Radley handbag while also learning about how trains were made?

“We look forward to working with the new owners, and managers McArthurGlen, and hopefully we’ll see new investment into the centre in 2022 and beyond.

“The fact that there was such demand over securing this asset proves that Swindon is still a key shopping destination, and I hope that the investments being made to Swindon’s town centre will attract further visitors to the town for retail and leisure.”

It is understood that McArthur Glen will continue to manage both sites.

LaSalle Investment Management and Nuveen Real Estate declined to comment on the matter.

The Adver has approached McArthur Glen for comment.