Sale of strategic 76 acre site in Bicester, Oxfordshire

Graven Hill Village Development Company (GHVDC) has sold a circa 76-acre employment site to a US-based real estate developer. White Commercial Surveyors M40 Office and Knight Frank London supported and advised GHDC in the sale.

Graven Hill is the UK’s largest self and custom build residential development, situated close to the Bicester Village Designer Outlet in Oxfordshire. White Commercial advised GHDC on the purchase of the circa 600-acre commercial and residential development site from the Ministry of Defence in 2013.

The 76-acre commercial development, which will support more than 1,000 new jobs, has outline planning permission for over 1.1 million sq ft of storage and distribution space. Bicester is experiencing significant Commercial and residential growth and investment with its population expected to grow from 30,000 to over 50,000 in the next 6 years.

Adrian Unitt, Operations Director at Graven Hill Village Development Company (GHVDC), said: “Graven Hill is a sustainable development, offering a wide variety of choice in terms of housing, set in expansive green spaces and supported by community facilities such as the new primary school, Market Square Dental’s state-of-the-art practice, Wine Rack and Wine Valley Cocktail Bar and new coffee bar. The sale of the employment site further enhances the development’s sustainability credentials creating new job opportunities alongside a thriving community.”

White Commercial Surveyors continue to provide commercial property advice on all of the commercial space to include further retail facilities. a care-home site and a site available for a pub restaurant at the front of the development.

Chris White, MD at White Commercial Surveyors said: “This is excellent news for Bicester and Oxfordshire region. There is significant interest in the area from both manufacturing and distribution companies wishing to locate to modern facilities in central England close to Oxford and along the excellent London to Birmingham M40. This Investment will provide both quality employment opportunities and also additional economic investment and growth for the region.”