Tritax Symmetry has announced the completion of the first phase of Symmetry Park, Bicester and has leased the last remaining speculatively-built unit to logistics firm syncreon.
The company, which was acquired by DP World in 2021, has taken 271,227 sq ft Unit C on a 15-year lease after securing a contract with a major music distributor.
It will join existing businesses at the park including DPD (60,000 sq ft), Ocado (164,000 sq ft), Bentley Designs (88,000 sq ft) and Medline Services (110,000 sq ft).
Unit C was built by A&H Construction to net zero carbon standards in construction and includes solar panels and EV car charging points.
Tom Leeming, development director for Tritax Symmetry, said: “Since we first broke ground here at Symmetry Park Bicester in 2017, we have closely worked with Cherwell District Council to attract more businesses, provide growth opportunities to existing businesses in the town and attract considerable capital investment of over £100m to the area.
“Today, the park is home to a host of premier businesses. In addition, we have a further 16-acres to develop as part of Phase Three.”
Tom Parker, EMEA real estate director for syncreon, said: “Bicester is the perfect location from which to operate our customer’s national distribution, relocating from an existing operation in Aylesbury.
“The net zero carbon construction and on-site renewable energy generation is an important aspect in DP World’s own sustainability agenda and the state-of-the-art facility reflects positively on our business and brand. We look forward to continuing our relationship with Tritax over the duration of the lease.”
The 69-acre park has capacity to deliver up to 963,000 sq ft of logistics floor space. Savills and DTRE are joint letting agents.
The project team includes pHp architects (Architect) Savills (project management), Hydrock (civil and transport engineer), Couch Perry Wilkes (M&E) Feasibility (quantity surveying) EDP (landscape architect), Framptons (planning consultant) and Ridge & Partners (sustainability).
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