The development, totalling 5.5 acres, will deliver a major new innovation hub in Central Oxford to support burgeoning demand for research and development space.
There is a growing demand for buildings in Witney from both large and small firms, creating hundreds of jobs, according to commercial property agents VSL & Partners.
The heartland of Oxford’s professional services district is recovering strongly, with three deals agreed in quick succession despite the impact of COVID-19.
The c.28,000 sq ft building, let in its entirety to the Oxford Science Innovation (OSI), was acquired from MRP, the property arm of construction firm McAleer & Rushe.
MoA Technology has moved to the Bellhouse Building, the most recently completed building in the Magdalen Centre, one of the largest innovation centres in the UK.
PhosphonicS will move into 8,594 sq ft at the Quadrangle development on Grove Business Park to set up their new office and R&D laboratory facility.
The refurbishment of 140 Eastern Avenue will create one of Oxfordshire’s newest and largest flexible co-working building with a capacity for 550 people.
VSL won the top industrial leasing award for two transactions completed in Bicester, both of which were in the top five transactions in the South East region.
Its 14.75 acres of development land has the capacity for 420,000 sq ft to support the growth of existing occupiers and enable new companies to join the thriving campus.
The 34 industrial/warehouse units on Richard Jones Road are now either under offer, let or sold by joint agents VSL and Carter Jonas acting for developer Glenmore.
The premises has planning consent for redevelopment into mixed-use commercial use on the ground floor and 12 x one-bed student accommodation on the first and second floors.
The new Trinity @ Graven Hill retail and office units, part of the 550-acre Graven Hill development in Bicester, have piqued interest with close to 30 inspections by interested parties.