SWINDON has gone multi-million pound deal crazy in the last week.

Following on from last week's news of the Brunel Centre being sold for £130 million, it has been revealed that another retail park and an industrial estate have also changed hands.

Kembrey Park has been sold for more than £40 million, and the Mannington retail park has been bought by Kier Property.

Kembrey Park was put up for sale last year by its owners the Moorfield Group and the Barclay brothers.

The brothers, Sir David and Sir Frederick, owned Kembrey Park though their private investment firm Ellerman investments.

This joined up with Moorfield to form Moorfield Capital Partners in 1999, and bought £393 million portfolio from Royal and Sun Alliance.

The Barclay brothers own the Ritz hotel and the Littlewoods store chain.

And last year bought The Daily Telegraph, and agreed a deal worth just under £44 million with the Highcross Fund.

Highcross asset manager Nick Turner said: "This was an opportunity to invest in Swindon.

"We think it's a good commercial market with the opportunity for growth. We are confident about being able to let the vacant spaces and provide good-quality office space."

Meanwhile, Kier Property says it is planning to redevelop the Mannington retail park into a major shopping centre as several leases are about to expire.

It bought the site from F&C Property for £17 million, and has six units, currently let to Harveys, Alied Carpets, Carpetright, Office World, Comet and Matalan, although Matalan has moved to Greenbridge.

It was sold by F&C on behalf of SAL Pension Fund.

F&C head of out of town retail George Cotton said: "The park generated a high level of interest from prospective buyers.

There have been three bids in excess of £16.5 million.

"We are very happy with the sale price achieved for the fund."