UK electric van maker Arrival Ltd has further expanded at Link 9 Bicester, which completes the final letting at the major new industrial scheme.
Arrival has acquired a new distribution, production and headquarters building at Unit 1B comprising 168,000 sq ft on the 40-acre Link 9 development near Junction 9 of the M40. Commercial property agents VSL agreed a 15-year lease for landlord’s RDI REIT Plc.
This follows on from the acquisition of 120,000 sq ft at Unit 1A Link 9 and the acquisition of a further 30,000 sq ft facility at a neighboring industrial scheme, Unit 6, Network @ Link 9 earlier this year.
Tom Barton at VSL explains: “We are delighted to have let the final unit at the highly successful Link 9 Bicester development and pleased to have secured another new facility for Arrival to accommodate their impressive expansion. It’s good to see our client’s RDI REIT Plc’s confidence in this scheme repaid with the final Link 9 development being let and fully occupied within 9 months of completion.”
VSL, Colliers International and White Commercial were joint marketing agents on the Link 9 Bicester scheme.