Albion Land’s Link 9 industrial/distribution development in Bicester has already sold over 180,000 sq ft of buildings to 3 companies including British Bakels prior to the units being available for occupation in late summer 2018. A further 60,000 sq ft will be available in September comprising 3 units ranging in size from circa 14,000 sq ft either For Sale or To Lease.
Albion Land’s development at Link 9 is set on a 35 acre site and further plans will provide a further 2 units of 120,000 and 167,000 sq ft. It is likely that Albion Land will speculatively develop the 120,000 sq ft unit due to the demand by occupiers along the London to Birmingham M40 – and lack of the availability of units this size. This is evidenced by the recent purchase by Medline, a US pharmaceutical company, of a speculatively built 110,000 sq ft unit in Bicester.
Bicester, well known for Bicester Village designer outlet shopping centre, is subject to substantial commercial and residential development with its population looking to double by 2031.
Simon Parsons, Director at Albion Land, comments: “We are delighted that construction work is now underway on the Link 9 site, occupier interest in the remaining development is encouraging on both a freehold and leasehold basis and we will shortly be announcing a number of further occupiers.”
Chris White, Managing Director at White Commercial, comments: “This is going to be another successful development by Albion Land, following their recent sale of a similar scheme in Brackley circa 140,000 sq ft. We are delighted to have sold over 180,000 sq ft already at Link 9 and we have significant interest from occupiers wanting to purchase or lease new units on the site. There is a real shortage of new units of this size in the Oxfordshire region which is rapidly expanding both residentially and commercially – and is due to significant Investment by the Government sitting in the Oxford Cambridge Growth Corridor.”
