Albion Land is developing 7 units ranging in size from 13,000 sq ft to a total of 146,000 sq ft in a new scheme known as Network @ Link 9. The site is situated on Skimmingdish Lane and completion is due in September 2018.
4 units at Network @ Link 9, totalling close to 90,000 sq ft, have already been sold to occupiers with an additional 80,000 sq ft being completed for British Bakels. Only 3 units from 14,000 sq ft up to a total of 60,000 sq ft remain available. These units are available for sale or to lease.
Developer Albion Land is also due to develop a third phase at Link 9 comprising a speculative 120,000 sq ft unit and a ‘build to suit’ 170,000 sq ft unit. Serious interest has already been expressed in these buildings.
Chris White, Managing Director of White Commercial Surveyors, said “We are seeing very strong demand in the industrial sector in Bicester and Albion Land’s development is a real vote of confidence in this strategic location. Bicester, famous for Bicester Village which has over 6,000,000 visitors each year, continues to grow rapidly. The area is attracting significant investment in both its infrastructure facilities and housing with its population set to double by 2031. Bicester’s proximity to Oxford, where development opportunities are more constrained, is seeing additional inward investment from companies in the distribution, high value manufacturing and science led sectors”
Simon Parsons, a Director of Albion Land, said: “Albion Land is one of the most active developers in Oxfordshire and we are delighted with the take up at Link 9 to date. Based on the level of current demand, we are confident we will agree occupier deals on the remaining units. Bicester is a great location with a rapidly expanding population and workforce, excellent road and rail links and world renowned retail amenities.”
Albion Land has planning permission for a further 600,000 sq ft of land in Bicester for either leasehold or freehold bespoke occupier development.
Joint agents on the scheme are VSL & Partners, White Commercial and Colliers International.