December 2013 - VSL Complete The Largest Commercial Property Transaction in West Oxfordshire This Year
VSL & Partners has just completed the acquisition of a 4.5 acre factory site on Old Station Way, Eynsham on behalf of Polar Venture Management (PVM). This represents the largest commercial property transaction completed in West Oxfordshire this year.
The site acquired from WS Supplies Ltd comprises 60,000 sq ft incorporating two office complexes and connected to a factory unit providing 40,000 sq ft of manufacturing space.
Richard Venables, director at VSL & Partners explains: “This was a complex deal that concluded in just eight weeks over the summer period. It was a really interesting collaboration with West Oxfordshire development team which resulted in retaining business in the district. This deal further underlines our unrivalled local market understanding which enables us to ensure that clients are able to achieve their goals be it an acquisition or disposal at the most competitive terms.”
PVM intend to develop the unused factory space into manufacturing units for its growing engineering business portfolio. SS Tube Technology Ltd (SSTT) a PVM company, has signed an agreement to lease on an initial 7,000 sq ft within the factory. This will allow PVM to set up a further engineering business creating a further 130 jobs.
Will Barton, Business Development officer for West Oxfordshire District Council says: “This is fantastic news for West Oxfordshire and we look forward to continuing to work with the new owners of the site.”
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