Graven Hill Village Development Company (GHVDC) has sold a circa 76-acre development site to a US-based real estate developer.
The development site, which could support more than 1,000 new jobs, has outline planning permission for 104,000 sq m of storage and distribution space alongside open space and sustainable drainage systems. The site has separate access from the Pioneer Road roundabout and does not run through any of the residential areas of Graven Hill.
Read more: New entrance and relocated Pioneer Memorial in Graven Hill access improvement programme
Adrian Unitt, Operations Director at Graven Hill Village Development Company (GHVDC), said: “Graven Hill is a sustainable development, offering a wide variety of choice in terms of housing, set in expansive green spaces and supported by community facilities such as the new primary school, Market Square Dental’s state-of-the-art practice, Wine Rack and Wine Valley Cocktail Bar and new coffee bar. The sale of the employment site further enhances the development’s sustainability credentials creating new job opportunities alongside a thriving community.”
Read more: New independent wine shop and cocktail bar to open in Bicester’s Graven Hill
Knight Frank and White Commercial Surveyors supported GHVDC with the sale, with White Commercial continuing to provide commercial property advice on all of the commercial space, including marketing a site available for a pub and restaurant at the front of the development.
Chris White, MD at White Commercial Surveyors, said: “The sale of the Strategic Commercial Development site at Graven Hill is excellent news for Bicester and the Oxfordshire region, which is witnessing both residential and commercial property expansion.
“There is significant interest in the area from both Manufacturing and Distribution companies wishing to locate to modern facilities in Central England close to Oxford and along the excellent London to Birmingham M40. This investment will provide both quality employment opportunities and also additional economic investment and growth for the region.”
Graven Hill is the UK’s largest self-build and custom-build development. The pioneering project, a vision of Cherwell District Council spanning 188 hectares of former Ministry of Defence land close to the Bicester Village Designer Outlet, is revolutionising how properties are designed and built by offering a flexible alternative to the traditional housing market.
Surrounded by amenity spaces, including woodland, allotments and a network of cycle and footpaths connecting to the town centre, the good local transport links also include a one-hour train service to London. Significant amenities planned include a sports pavilion, pitches and allotments. A community centre is also set to be delivered by the local council.
GHVDC is now seeking local contractors to tender for its next phase of new homes and apartments.
