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Work to start on 500,000 sq ft of industrial space

Oxford Commercial Property Agency News

Oxford commercial property agency working with commercial landlords and tenants. Start-ups to established businesses. Office, retail, industrial and leisure sectors. 

Work to start on 500,000 sq ft of industrial space

Amy Williams

Construction is to start in September on a new 500,000 sq ft distribution and manufacturing park in Bicester.

Albion Land has completed detailed planning for its Axis J9 development which is west of Howes Lane and north of Middleton Stoney Road.

The site, which is within the Cherwell district, is three miles from J9 of the M40 and close to the site of more than 10,000 proposed new homes.

Between 900 and 1,200 people will be employed at the park which will be built in three phases.

Phases one and two will comprise five mid-sized units for lease and eight smaller units for sale respectively, ranging in size between 3,400 and 64,000 sq ft.

Phase three will be made up of units ranging from between 100,000 sq ft and 250,000 sq ft, available by leasehold or as freehold.

Albion Land director, Simon Parsons, said: “For Cherwell District Council to recognise the significance of Axis J9 to the local area means that we can speculatively start to develop phases one and two, showing our further commitment to Bicester to provide workspace for businesses to grow and thrive.

“We are already in active negotiations with companies looking for distribution and production space.

“They range from businesses based in Bicester as well as those from across Oxfordshire, nationally and internationally.

“Bicester offers a strong, well-connected location, a ready-made workforce and significant combined rent and business rates savings compared to similar south east buildings.

“We are able to start delivering employment space resulting in new jobs which will build a sustainable community for Bicester.”

Completion of phase one and two is due by mid 2020.

Source: Thames Valley Property No 174 (tvproperty.co.uk)
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