Aver Property Partnership, a joint venture between Ergo Real Estate and NFU Mutual, has invested in excess of £24 million on the substantial scheme in Bicester, Oxfordshire. The first phase at Axis J9, a brand new 200,000 sq ft development of five prominent industrial and warehousing units, is now ready for occupation.
Aver Property Partnership is working with developer Albion Land to deliver this high-quality space, meeting the needs of the UK’s growing logistics sector.
Each of the high-specification units of this first phase, which range in size from 23,500 sq. ft to 65,000 sq. ft, has ample production and distribution facilities plus grade A office space. These logistics and production units are self-contained and have dedicated parking and secure loading facilities
The development is just a mile away from the well-known designer shopping outlet Bicester Village and three miles from Junction 9 of the M40, a location which gives the development its name, Axis J9. This project is perfectly placed on the London to Birmingham corridor and also close to Oxford, as well as providing fast and easy access to the A41, A43 and A34. This position also gives the advantage of enjoying significant combined rent and business rates savings, compared to similar buildings in the south east.
Axis J9 also has strong sustainability credentials. Each Phase 1 building has photovoltaic panels on the roof, providing significant energy savings and has been constructed to carbon zero building specification, achieving a BREAAM ‘Very Good’ rating. The project is set within a prime business park, close to over 10,000 planned new homes and so represents a significant investment for the area.
Chris White, MD White Commercial Surveyors says “This is an excellent development along the M40 London to Birmingham Corridor which has a severe shortage of modern production and warehousing accommodation of this size. We have a good deal of interest from companies regionally and nationally and hope to be announcing our first tenant shortly”.