UK Property Forums partner Carter Jonas has been central to what is believed to be the biggest letting in the centre of the city for more than a decade.
The Oxford office of the national property consultant has advised Oxford City Council in letting all 37,749 sq ft of its former council offices at St Aldate’s Chambers to Aurora Energy Research.
The historic building occupies a prime location near Carfax Tower and High Street. The four floors and a basement have been extensively refurbished.
Aurora has grown to become the largest dedicated power market analytics company in Europe, providing data-driven intelligence for strategic decisions in the global energy transformation. The company is active in Europe, Asia Pacific, and the Americas.
Adrian Chan, senior surveyor, commercial for Carter Jonas, said: “This deal solidifies Oxford’s position as a global hub for excellence, providing businesses with a platform to grow and succeed as leaders in their respective fields, as well as being a positive outcome for both the city council and Aurora.
“The council will benefit from a strong, long-term income stream as a result of this transaction. Additionally, the deal ensures that Oxford continues to have a world-class occupier that supports employment within the city and exemplifies it as a centre of innovation. This transaction will have a positive impact on the city centre office market in Oxford and create job opportunities for the local community.”Â
Cllr Ed Turner, cabinet member for finance and asset management, said: “We’re delighted to have leased St Aldate’s Chamber to Aurora Energy Research. For the council, it reduces our energy bill and provides a significant long-term income stream to help fund key services in an increasingly challenging financial environment.
“But it also enables the city to retain a growing local business, which provides high-quality jobs for Oxford residents and wider benefits to the city’s economy.”
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