DHL Supply Chain has agreed to take one million sq ft at Albion Land’s proposed Axis J10 logistics park in Oxfordshire.
The deal, for two units, is the first to be announced at the three million sq ft scheme proposed at J10 of the M40 between Bicester and Banbury.
Albion Land has submitted planning applications to Cherwell District Council for the development, north of the M40 at J10 (the intersection with the A43).
Simon Parsons, director at Albion Land, said: “Our proposals on the north side of J10 will provide approximately three million sq ft of outstanding commercial space in a prime location and in zero carbon buildings.
“This is about meeting the unsatisfied demand from major logistics operators in this region where no other suitable sites are available.
“We want the scheme to be an asset for Cherwell and to ensure that the region benefits from the many high-quality jobs and the boost to economic activity that the logistics sector brings.
“Securing our first occupier is a fantastic achievement and a tremendous vote of confidence in the scheme and the location. The deal reflects the substantial increase in logistics demand as a result of the expanding e-commerce market.
“We understand the DHL facility will be in addition to their existing major logistics operations in the area. Our ability to offer two bespoke buildings in this location demonstrates the potential for the remaining units we are looking to bring forward.”
Masterplan proposals for Axis J10 are for five large units of between 350,000 and one million sq ft, arranged across two plots, one either side of the A43. The precise building sizes will match specific logistics occupier requirements.
The total development is anticipated to create up to 4,000 jobs.
Subject to planning consent, the developer hopes to start work in 2022 with the first buildings available for occupation in 2023.
Both development plots will link directly onto the A43 and M40, via connections to the B4100.
Colliers International advised on the DHL transaction.
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