Jul 27 2020
Peveril Securities and Sladen Estates have completed the acquisition a 48-acre site adjacent to Bicester Village retail park.
The site, which is available for development opportunities, was purchased as part of the company’s nationwide development drive.
The scheme has been greenlit for 645,000 sq ft of grade-A office space and once completed will have an end value in excess of £350m.
“We believe this site provides an excellent opportunity suitable for a number of businesses to locate themselves within a quickly growing and expanding area. Bicester is currently seeing significant amounts of development across a range of sectors that is being led by both its excellent road and rail connectivity, and its proximity to the idyllic Oxfordshire countryside,” said Ralph Jones, managing director of Peveril Securities.
“Our scheme will be suitable for a range of uses, from headquarter office buildings to research and development facilities. Due to its proximity to Bicester Village retail park, other complimentary uses may also be suitable subject to planning permissions.”
Nick Sladen, chief executive at Sladen Estates, added: “Sladen Estates and Peveril Securities together have an intimate knowledge of the local market in this area, as well as national development and contracting expertise. Together we have the scale, expertise and resources needed to make the most of the opportunity that this particular scheme presents and we look forward to bringing it forward.”