Six months after practical completion, five new industrial and warehousing units at Axis J9 Bicester, Oxfordshire, totalling over 200,000 sq ft, has been fully let to Arrival, the global company creating electric vehicles with its game-changing technologies and Origin, the UK’s leading specialist manufacturer of bespoke aluminium bi-folding doors and windows.
The 200,000 sq. ft development is Phase 1 of the 550,000 sq ft Axis J9 Scheme. It is funded by Aver Property Partnership - a joint venture between Ergo Real Estate and NFU Mutual - and developed by Albion Land, which delivers high-quality industrial and logistics space to meet the needs of the UK’s growing logistics sector.
The high-specification units plus grade A office space - with strong sustainability credentials designed to incorporate a ‘carbon zero’ specification - attracted a high calibre of potential tenants.
The development is just a mile away from the well-known designer shopping outlet Bicester Village and three miles from Junction 9 of the M40, a location which lends its name to the development its name. This project is perfectly placed on the London to Birmingham M40 corridor, close to Oxford, providing fast and easy access to the A41, A43 and A34.
Origin Global, based in High Wycombe, and Arrival, based in Banbury and London, are both undergoing rapid expansion and have been looking for modern facilities to drive both productivity and efficiencies within their businesses.
Leigh Burnett, Asset Manager at Ergo RE, said: “The successful letting of Axis J9 on long term leases reinforces our strategic decision to invest in the development of Warehouses and Logistics. Furthermore the occupation of the units by a diversity of businesses is encouraging and demonstrates these type of buildings can accommodate a range of uses and showcases the ever evolving industrial sector.”
Chris White, MD White Commercial Surveyors, says, “The M40 Corridors strategic location between London and Birmingham will continue to see substantial economic development, bolstered by an expanding and quality labour force – particularly in Oxfordshire – a growth area.
“Axis Junction 9 has proved another successful development with all three phases providing quality new buildings meeting modern day demands of companies. The scheme has attracted companies providing significant employment opportunities and improving the economic prospects of this expanding and successful region”.