The four units at its new warehouse and industrial project at Tungsten Park in Witney were sold to Ropemaker Properties, part of BP Pension Fund, in an off-market transaction for £26m.
The infrastructure construction works is due to start following Oxford City Council’s resolution to approve its enabling works reserved matters application (RMA).
The Launton Trade Park scheme, with prominent frontage to the busy Launton Road, has been designed to cater for the trade, industrial and warehouse sectors.
Planning was granted for two separate schemes on the same plot for maximum flexibility – one for a new single-unit 268,765 sq ft unit and the other for two-units of 172,180 sq ft and 90,298 sq ft.
Legal & General will fund and deliver the new innovation district with the University of Oxford, extending the existing Begbroke Science Park across an adjacent 14-hectare site.
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The final phase of work is expected to be finished by early 2023 and includes a remodelling of an area under the Old Library known as the Paddy Room.
The machine learning immunotherapy discovery company joins a group of thriving companies which use artificial intelligence techniques in their research.
Manufacturer Britishvolt has received a huge boost by obtaining planning permission to regenerate the 92.2 hectare disused coal stocking yard in Northumberland
This follows the recent approval of the plans by councillors at South Oxfordshire District Council as the redevelopment site stradles the two district councils.
The council intends to build 9 two-bed and 6 three-bed houses on the site, which is currently owned by Oxfordshire County Council. Eight homes will be let at social rent.
However, the plans, approved by Vale of White Horse’s planning committee on June 23, still have to go before South Oxfordshire District Council’s planners on June 30.