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500,000 sq ft of industrial space at Bicester due to start

Oxford Commercial Property Consultancy News

Oxford Commercial Property Consultancy.

500,000 sq ft of industrial space at Bicester due to start

Amy Williams

Albion Land is about to start work on 500,000 sq ft of industrial space at Bicester, following the developer’s success on a similarly sized scheme in the town.

Axis J9, will consist of 500,000 sq ft of production, distribution and R&D space, three miles from Junction 9 of the M40.

It follows the success of Albion Land’s 520,000 sq ft Link 9 scheme – currently under construction - where all the buildings have been sold.

Phase one of Axis J9 consists of five buildings, totalling 200,000 sq ft and ranging from 22,000 sq ft to 65,000 sq ft. Completion is due in summer 2020 and pre-lets are available.

Phase two will be developed on a ‘built to suit’ basis with buildings from 100,000 to 250,000 sq ft available for freehold purchase or lease.

Phase three is an additional speculative development of smaller units ranging from 3,000 to 6,000 sq ft.

Bicester is in the midst of rapid expansion which will see 10,000 new homes and 18,500 new jobs with its population set to almost double from 30,000 to 50,000 by 2030.

Director of Albion Land, Simon Parson said: “Bicester is a very exciting development location with occupiers and investors increasingly recognising the availability of a skilled and expanding workforce, great infrastructure and many first class amenities. Axis J9 is set to be a great success and we look forward to construction starting.”

Chris White, managing director of White Commercial, which will market the buildings alongside Colliers International and VSL & Partners, said: “We are seeing substantial interest in Bicester at the current time from a number of corporate occupiers who cannot find suitably sized or new industrial/warehousing accommodation to suit their requirements in Oxford or in the southern sector of the M40 towards London.

“This development’s location at Junction 9 of the M40 provides the answer for many companies wishing to expand into modern facilities which incorporate accommodation suited to maximise use, flexibility, production and warehousing.“

Source: Thames Valley Property No 153 (tvproperty.co.uk).
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