Albion Land has appointed global real estate advisor Colliers International along with VSL & Partners and White Commercial to market a major new commercial property development in Bicester.
Axis J9 is the latest development from Albion Land and follows on from the successful nearby Link 9 commercial development.
Axis J9 will provide approximately 500,000 sq ft of high quality buildings for production, R&D and distribution operators, just three miles from Junction 9 M40 and within a short distance of Bicester Village.
Phase 1, totaling 200,000 sq ft, will comprise five buildings ranging from 23,000 to 65,000 sq ft all with generous yards. Construction is scheduled to commence in August 2019 with completion targeted for April 2020.
Phases 2 and 3 offer pre-let opportunities up to 250,000 sq ft and an additional speculative development of smaller units ranging from 3,000 to 6,000 sq ft. Planning permission has been granted for use within classes B1, B2 and B8 with no hours of use restrictions.
James Haestier, Director, Industrial & Logistics, Colliers International, said: “Continuing an already strong relationship, it is very exciting to be instructed by Albion Land, one of the most active commercial developers along the M40, on their new development in Bicester. Bicester is a dynamic and expanding town that is also fast becoming an established logistics location and I am confident there will be strong demand for the new scheme.”
Simon Parsons at Albion Land, said: “Bicester is now one of the most rapidly expanding distribution and manufacturing locations in the South East. The town is at the forefront of Oxfordshire’s growth plans and is at the heart of a dynamic regional economy which is being driven forward by knowledge-based industries and advanced logistics.
“The Oxford-Cambridge Knowledge Arc and proposed Expressway will act as a stimulus for further significant economic growth in the area. Albion Land has a proven track record in unlocking the value of sites and translating occupier and investor requirements into reality.
“Working alongside a dedicated team of professionals enables us to offer this level of service, and we’re pleased to welcome Colliers International, VSL & Partners and White Commercial on board to support us on this high-profile new development.”