The partnership, formed between Aberdeen Property UK Retail Parks Trust and Ashtenne Industrial Fund, will create plans for a mixed use scheme with improved amenities for residents and businesses.
The 54-acre site currently comprises existing retail and former industrial buildings. The partnership was formed when Chippenham Vision and the local planning authority asked Ashtenne to create a strategy for the site.
Simon Moscow, director at Aberdeen Asset Management, said: “There are a lot of good businesses in both Hathaway Park and Langley Park, all of which have huge potential.”
Wayne Locke, director at Ashtenne, added: “We will unlock one of Chippenham’s most significant private sector led investments over the next 18 months to two years. Once delivered, this will undoubtedly act as a magnet for future investment in the town.”