White Commercial Surveyors are advising Prodrive on the disposal of their M40 Corridor site to LXB – the developers of the out of town Banbury Gateway Retail Park have been delighted with the take up of retail units on the scheme.
We were instrumental in the appointment and negotiations with the developer on the scheme enabling Prodrive to relocate to a brand new 120,000 sq. ft. industrial facility at Central M40 overlooking the M40.
Banbury Gateway’s catchment covers a large geographical area and is classified as a major shopping park. The catchment contains over 415,000 people with a total annual comparison goods expenditures in excess of £1 billion. Banbury Gateway is likely to be ranked in the top 20% of out-of-town-centres, factory outlet centres and fashion parks.
Due to the site’s proximity to junction 11 of the M40 the scheme will have excellent regional accessibility with close to 450,000 vehicles passing the site every week.
