Improving marketing conditions, shrinking supply of City Centre office space and the imminent opening of the new Oxford Parkway railway station is helping to fuel growth in office take up in Kidlington, according to Richard Venables, director at VSL & Partners.
VSL reports a further two deals in what is one of the largest villages in England and which is soon to benefit from its own rail link to London Marylebone when Chiltern Railways’ new Oxford Parkway railway station opens on 26th October 2015 at Water Eaton.
VSL has let the second floor comprising 4,627 sq ft at Latimer House, Langford Locks in Kidlington to The Oxford Market Research Agency Ltd who trade as Future Thinking. VSL & Partners and Savills represented the landlord in the deal and Carter Jonas acted for the tenant.
Acting on behalf of Whitfield Estates Ltd, VSL & Partners has agreed the sale of Bannister House, Langford Locks, Kidlington to Oxford Diocesan Board of Finance. The office building comprised 14,686 sq ft with Carter Jonas acting on behalf of the purchasers.
Richard Venables says: “Kidlington is now being viewed as a viable commercial alternative to Oxford City Centre which is still struggling with an acute lack of supply and ongoing traffic disruption. The opening of the new rail line is already proving a big draw with companies like The Oxford Market Research Agency who chose Latimer House because of its excellent transportation links. The company that has offices in London, High Wycombe and Paris, listed access to the Chiltern Railways line as essential in their search criteria.”
“With opportunities for future commercial growth now focused on the Northern Gateway of the county, the future outlook for economic growth in Kidlington seems bright.”