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Substantial £24 million investment from Aver Property Partnership in Axis Junction 9, a new distribution & manufacturing park in Oxfordshire

30 04 20 industrial research

Aver Property Partnership, a joint venture company between Ergo Real Estate and NFU Mutual is spending in excess of £24 million on the development of a new distribution and manufacturing park at Bicester, Oxfordshire, known as Axis Junction 9 (www.axisj9.co.uk). The new units will be available for occupation by tenants in September 2020.


The development provides modern specification logistics and production space across five buildings, three of which sit in their own self-contained sites, ranging in size from 23,000 sq ft to 64,000 sq ft totalling 200,000 sq ft. Amongst the green credentials for the site are the photovoltaic panels which have been installed to the roof area of each unit to supplement the energy use in each building to satisfy the zero carbon planning requirement.

The development is situated close to Bicester Village, Bicester Park and ride and Oxford just off Junction 9 of the M40, and will provide around 1,200 jobs.

Leigh Burnett of Ergo Real Estate said: “Bicester’s excellent location on the London to Birmingham M40 route and being close to Oxford is driving substantial expansion in the region. Our investment in this development will provide quality buildings for companies needing high spec distribution and manufacturing space with significant combined rent and business rates savings compared to similar south east buildings.”

James Haestier, Director in Colliers International’s Industrial and Logistics team added: “This is an excellent development along the M40 London to Birmingham Corridor which has a severe shortage of modern production and warehousing accommodation of this size. We have a good deal of interest from companies regionally and nationally and hope to be announcing our first tenant shortly.”

Colliers International, White Commercial, and VSL are providing leasing advice.


Related Experts

James Haestier

Director

Industrial and Logistics

London - West End

James has over 18 years experience in the UK Industrial & Logistics market. His main focus is on the disposal and acquisition of larger distribution warehouses and advising occupier clients within London and the South East.  He is also involved in managing day to day agency instructions, providing strategic disposal advice, acquiring new premises and providing advice on site purchases and development.

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Hannah Zitren

Associate Director

Marketing & Communications

Manchester

I am responsible for media relations and generating coverage in top tier broadcast and print media. I work across a range of Colliers’ UK & Pan-EMEA business lines advising on their strategic and tactical PR needs.

My role includes:

·         Developing and executing PR plans for the various business lines to help promote their key messages across all aspects of the media - print, broadcast and social.

·          Media evaluation and reporting objectives, targets and successes across the business.

·         Reputation management and crisis management.

·         Media training.

·         Media engagement: setting up meetings with top tier media and various internal spokespeople to continuously expand and build a presence with property and vertical media network.

·         Consistently delivering service excellence, meeting with business heads of a regular basis and trying to influence the research as much as possible to ensure our content has a strong enough news hook.

·         Key campaigns that I work on include MIPIM; MAPIC; REVO; Midsummer Retail Report; IHIF; Cities of Influence in addition to a host of all alternative property sector research reports.

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