Arrival and Origin Global expand to take ‘Aver Property’s’ high-spec logistics hub in Bicester, Oxfordshire – now fully let!
Six months after practical completion, five new industrial and warehousing units at Axis J9 Bicester Oxfordshire, and totalling over 200,000 sq ft www.axisj9.co.uk, has been fully let to Arrival www.arrival.com, the global company creating electric vehicles (“EVs”) with its game-changing technologies and Origin www.origin-global.com, the UK’s leading specialist manufacturer of bespoke aluminium bi-folding doors and windows.
The, 200,000 sq. ft development, Phase 1 of the 550,000 sq ft Axis J9 Sceme, funded by Aver Property Partnership, (a joint venture between Ergo Real Estate and NFU Mutual www.ergo-re.com), and developed by Albion Land www.albionland.co.uk delivers high-quality industrial and logistics space to meeting the needs of the UK’s growing logistics sector. The high-specification units plus grade A office space attracted a high calibre of potential tenants and also demonstrates strong sustainability credentials, designed to incorporate a ‘carbon zero’ specification.
The development is just a mile away from the well-known designer shopping outlet Bicester Village www.tbvsc.com/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 M40 corridor, close to Oxford, as well as providing fast and easy access to the A41, A43 and A34.
Origin Global, based in High Wycombe and Arrival based in Banbury and London are both undergoing rapid expansion and have been looking for modern facilities to drive both productivity and efficiensies within their businesses.
Leigh Burnett, Asset Manager at Ergo RE said: “The successful letting of Axis J9 on long term leases reinforces our strategic decision to invest in the development of Warehouses and Logistics. Furthermore the occupation of the units by a diversity of businesses is encouraging and demonstrates these type of buildings can accommodate a range of uses and showcases the ever evolving industrial sector.”
Chris White, MD White Commercial Surveyors www.whitecommercial.co.uk says “The M40 Corridors strategic location between London and Birmingham will continue to see substantial economic development, bolstered by an expanding and quality labour force – particularly in Oxfordshire – a growth area. Axis Junction 9 has proved another successful development with all three phases providing quality new buildings meeting modern day demands of companies. The scheme has attracted companies providing significant employment opportunities and improving the economic prospects of this expanding and successful region”.