Four businesses have snapped up all seven buildings, in phase two of Albion Land’s Axis J9 industrial development in Bicester.
The buildings which total 32,710 sq ft have gone in a mix of lettings and acquisitions:
- Oxfordshire-based removal firm House 2 Home has taken 3,380 sq ft at Unit 11
- Family-owned aluminium company Fabal has taken a lease on 3,780 sq ft at Unit 12
- Stolford Ltd has acquired Units 9 and 10 units totalling 7,300 sq ft
- NJS Properties has acquired Units 6 – 8 totalling 18,250 sq ft
Both purchasers will occupy part of their buildings and let the rest.
Half of the logistics and industrial space in the 200,000 sq ft phase one, which was pre-sold to Aver Property, is currently under offer.
Albion Land director Simon Parsons said: “The demand for such buildings has been really strong and to have let and sold phase two is testament to Bicester’s strength as an employment location and that we have been able to deliver our buildings to high growth companies.
“We wish all the businesses continued success and look forward to delivering the next two buildings which will create further employment space for the town.”
Letting agents for phase two are VSL, White Commercial and Colliers International.
White Commercial managing director Chris White said: “This is another successful Albion Land business park development in the London to Birmingham M40 Corridor.
“Occupier demand remains strong in Oxfordshire and Albion Land is well respected in the region by industrial, warehousing and office occupiers and investors for their ability to provide business efficient buildings, well suited to occupiers’ specific modern-day requirements.
“The company continues to invest in the region driving economic growth and creating numerous quality jobs for Oxfordshire’s substantial population growth.”
© Thames Tap (powered by ukpropertyforums.com).
Sign up to receive your free weekly Thames Tap newsletter here.