Work is due to start on another new industrial scheme at Westcott Venture Park fuelled by anticipated demand.
Plans for a new light industrial development of 16,240 sq ft, located on the A41 between Aylesbury and Bicester have been approved by Aylesbury Vale District Council.
The new development is situated alongside the highly successful Century Court scheme which is located towards the eastern end of the business and technology park.
Owners PATRIZIA will invest £1.5 million for the construction of the scheme known as Building 1030, which will further expand Westcott’s portfolio of buildings. The scheme will provide two semi-detached high specification industrial buildings with first-floor offices comprising 7,500 sq ft each with roller shutter doors and parking.
Building 1030 is currently available on a build to suit basis but PATRIZIA is considering a speculative start in 2021. This follows on from the successful completion of the 47,000 sq ft Century Court development, a 12-unit scheme which is let to eight occupiers – two of which expanded on the park and six new companies relocating to the estate.
Rod Mordey, director at PATRIZIA says: “Building 1030 will be a fantastic addition to the wide range of buildings already at Westcott and should be well placed to capture the growing demand from companies seeking space of this size within a first-class business environment. It will provide companies with the opportunity to join an established community of like-minded businesses, helping to satisfy requirements from within our existing customer base and for companies wishing to relocate.”
Alan Chandler, director Chandler Garvey said: “We are delighted that this scheme has achieved consent. The area is in need of such flexible space as the demand for industrial property continues to improve despite Covid-19.”
Westcott Venture Park is now home to over 80 businesses employing over 600 people and is managed by Lambert Smith Hampton. The park is now evolving with a major investment programme to improve and further develop facilities and infrastructure, providing companies based at the park with an excellent service and sense of belonging to the Westcott community.
Agents marketing the Building 1030 development include: Lambert Smith Hampton, Chandler Garvey and Bidwells. For further information please visit www.westcottvp.com