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Investment Trends and opportunities in Oxfordshire
 

Investment Trends and opportunities in Oxfordshire

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  • A new link between London and Bicester village Alternative to the A34 and M40 Alternative Oxford – London route Better service Bicester – London Additional capacity at Oxford station
  • A new link between London and Bicester village Alternative to the A34 and M40 Alternative Oxford – London route Better service Bicester – London Additional capacity at Oxford station
  • http://www.vuitnow.com/casestudies/biscester Video needs formatting.
  • They plan to build 5,000 homes longer term. The first phase – the Exemplar – is now underway – (granted planning permission in July 2012) NB – There is a local lettings plan. See more info here: http://nwbicester.co.uk/the-first-phase/living/local-lettings-plan/ Green infrastructure; walkable neighbourhoods; zero carbon development; each home a maximum of 400m from a bus stop 40% of space set aside for green spaces. Full eco specifications for houses: Triple glazed windows, highly air-tight doors, cavity and roof insulation to retain heat High energy efficient rated appliances that use less energy and water Energy efficient ventilation that captures escaping heat and re-uses it 30m2 of solar panels to generate electricity on every roof Rain water harvesting that recycles waste water; saving bills and energy No boiler – a Central Heat and Power System supplies heat and hot water (saving bills and maintenance) Visit: http://nwbicester.co.uk/the-first-phase/living/eco-homes/ for more info.
  • Graven Hill : Outline planning for the Graven Hill is now in place. Just south of Bicester. 600 ha, currently MoD but over next 5 years they will be vacating. The site is arranged in a circle, around a wooded hill. The woodland and vast open space will create a really great place to live. 70% of the homes (self-build opportunities) at Graven Hill will be sold on the open market. Anyone with the right resources can buy one of these homes or plots of land. There may also be some opportunities for open market rented housing for those people not yet in a position to buy their own home. 30% of the homes (self-build opportunities) at Graven Hill will be affordable homes to buy or rent. Priority for the affordable homes to buy will be given to local people who currently live, work or study in the Cherwell area and have incomes below £60,000. South West Bicester: Kingsmere (Phase 1) is currently under construction and will provide 1,631 homes. The 650 homes above makes up phase 2. The site is in an accessible location relatively close to the town centre. The occupiers of new housing will have access from the secondary school, other services and facilities, public open space, places of employment and health village already planned for provision within Phase 1. A community woodland / green buffer will be provided between Chesterton village and the Development Area Bicester Business Park: The Bicester Business Park site has planning permission for a 60,000m² business park incorporating offices (B1) and hotel (C1) use. This development area is located immediately to the east of the South West Bicester (Kingsmere) urban extension, less than 1 km from Bicester Town Railway Station and close to major retail uses and town centre facilities. Bicester Gateway: Knowledge economy employment development to the south of the existing retail area (Wyevale Garden Centre), adjacent to the A41. North East Bicester Business Park: Business Park for employment development East Bicester: Residential development as a first phase of a potential larger mixed use site for employment development to the west of the proposed ring road to the south east of Bicester. Further phases will come forward after the end of the current plan period. All of the development will be bounded to the east by the south east relief road. Jobs created – At least 3,241 (in total, some of which is beyond the plan period) Town centre: The redevelopment of Bicester Town Centre has started with the redevelopment of Bure Place, which opened in July 2013 including the new Sainsbury’s supermarket, Vue Cinema, car park and bus interchange.
  • I took out the picture of Dave Richards from the Banbury Guardian website because it is not the most recent article. Facing challenges from other retailers
  • Oxford City Council plans a major industrial/commercial development in Northern Oxford. The council is calling this project "Northern Gateway". The development proposed is on 50-100 acres of green land near the Wolvercote roundabout. It will comprise 1-2 million square feet of buildings, attracting a possible 12,000 more cars to the area with no plan to upgrade the current road infrastructure. Sandwiched between the A40, A34, and Woodstock Roads, the development would undoubtedly attract more congestion and pollution to the already over-capacitated area. Part of Oxford City Council’s ‘Core Strategy’, a blueprint for the development of Oxford until 2026. http://www.oxford.gov.uk/Library/Documents/Core%20Strategy/Oxford%20Core%20Strategy%202026.pdf (p.50) Key strengths e.g. science + technology, research + development, +/or non-teaching university development Floor space - The B1 floorspace would have an overall limit of 80,000m squared, which would be phased so that a maximum of 20,000m squared by 2016, and a maximum of 55,000m squared by the end of the Core Strategy period 2026. The remainder would only be deliverable beyond 2026. Shops, cafes = 2,500 metres squared Leisure, hotel = 7,450 metres squared Will include transport mitigation measures
  • Current status: Public consultation finished on 20/08/2013. Now pending consideration. Image from: http://www.wolvercote.org/NeighbourhoodPlan/3%208th%20March%20Presentation%20Turnberry%20with%20latest%20site%20plans%20etc.pdf
  • PLANS for the biggest housing development in Oxford in a generation have cleared their first hurdle after winning the approval of councillors. The city council’s east area planning committee last night approved an outline planning application for the 885-home estate at a special meeting at the Town Hall. The development will extend the existing Barton estate to the west, and include a new primary school, a park, a hotel, a supermarket and other shops and community facilities. A total of £16.6m will also be spent by developer Barton Oxford LLP – a partnership of the city council and developer Grosvenor – on infrastructure like transport links, school places and community services.
  • http://www.oxfordmail.co.uk/news/10702155.Westgate_Centre_redevelopment_plans_go_in_at_last/ Image from: http://www.westgateoxfordconsultation.co.uk/our-plans/proposed-plans/cross-section-plans
  • See doc in folder on Oxpens for more info. Still in planning stages. Photo from: http://www.thisisoxfordshire.co.uk/news/10475306.Homes_a_key_element_for_rebirth_of_Oxpens/
  • Source: http://www.oxfordmail.co.uk/news/10593197.print/ Image from: http://www.doricproperties.com/wp-content/uploads/2013/03/final-boards.pdf 150 homes at Tilbury Lane 136 homes at Lime Road 10 homes at Hurst Rise Road
  • Mention Centrica/BMW on 2 nd image
  • Already secured Paul Goffin, director of estates for Ox Uni to speak at Prop Intell 2014 (ROQ)

Investment Trends and opportunities in Oxfordshire Investment Trends and opportunities in Oxfordshire Presentation Transcript

  • Investment Opportunities & Trends in Oxfordshire
  • Wantage and Grove The expansion of South Oxfordshire Major development: 4,750 total dwellings Developing the “Science Vale UK” Construction of Wantage Eastern Link Road 2,500 dwellings at the former airfield site 750 dwellings at the Monks Farm site 1,500 dwellings at Crab Hill
  • Proposed development sites for Wantage
  • Didcot – decommissioned power station – What next?
  • Synchrotron science facility in Harwell
  • European Space Agency
  • Station to serve Kidlington & North Oxford Significant improvements at Bicester station 2 new platforms at Oxford Station Upgrading the Bicester – Oxford line Services operating by Summer 2015? Water Eaton Parkway, North Oxford Connecting Oxford – Bicester - London Marylebone
  • Oxford Parkway
  • Bicester Strengthening the town centre • A new Sainsburys • Seven screen Vue cinema • 500+ multi-storey car park • Bicester village expansion
  • North West Bicester The UK’s first eco town
  • • Graven Hill: 1,900 houses (self build) & 2,470 jobs • South West Bicester: Kingsmere 1,631 • Phase 2: 650 homes, 370 jobs • East Bicester: 150 houses, 3,241 jobs • Bicester Business Park: 3,850 jobs, 29.5 ha • Bicester ‘Gateway’: 990 jobs, 15 ha • North East Bicester Business Park: 1092 jobs Other developments in Bicester Graven Hill
  • Marks & Spencer & Next Completed 2016? Banbury Gateway
  • New business park B1 space for Oxford’s key strengths Shops, Cafes, Leisure, Hotels Residential development (200 units) The Northern Gateway The “principle opportunity to meet Oxford’s future employment needs”
  • Wolvercote Paper Mill Oxford University to sell 17 acres of land
  • Barton West Oxford’s largest housing development in a generation 885 homes (40% affordable) Primary school, Park, Hotel Supermarket & other shops 21st century garden suburb?
  • The Westgate Centre A multi million pound facelift Around 70 new shops John Lewis Cinema Up to 122 new homes Rooftop terrace
  • Oxpens Rejuvenating Oxford City Centre 125 houses and 172 apartments? 150-room hotel? Student accommodation? Enhancement of Oxpens Meadow Public space for outdoor events
  • Botley A comprehensive regeneration Expansion of West Way shopping centre to include cinema, library & supermarket Redeveloped junction coming off the slip road from the Botley interchange Tilbury Lane: 150 homes Lime Road: 136 homes Hurst Rise Road: 10 homes
  • Artist impression of Botley – West Way development
  • Commercial to Resi Opportunities under new permitted development rules Macmillan Building, Cowley Cowley Road Bus Station
  • Kidlington Osney
  • Grantham House An exciting development in “Oxford’s Chelsea”
  • Blavatnick School of Government Paul Griffin, Director of Estates of Oxford University has been booked to talk about the Radcliffe Quarter redevelopment at next years Property Intelligence conference