MEPC announces appointment of joint agents for one of Oxfordshire’s largest speculative developments
MEPC is pleased to announce the appointment of Knight Frank and VSL and Partners as letting agents for its new speculative development at Park Drive East, Milton Park.
The development was one of the first to secure planning permission since the EU referendum and will be the largest in Oxfordshire’s recent history, accommodating for the continued demand for quality office, laboratory and high-tech space across the county.
Park Drive East comprises three separate buildings (141, 142 and 143 Park Drive East), totalling 110,000 sq ft, which includes a 42,000 sq ft Grade-A office building, as well as two hi-tech laboratory facilities totalling 68,000 sq ft sq ft. The Grade A office building is expected to complete by the end of the year, while the two remaining buildings are expected to complete in Spring 2018.
Philip Campbell, Commercial Director at MEPC, said: “Launching this scheme will pave the way for existing residents to grow and will offer the opportunity for MEPC to welcome new companies to Milton Park who we know will be in good company with the existing science cluster mix here. MEPC’s close links with the world’s premier university at Oxford continues to anchor Milton Park as a destination for science and technology and a premium destination for business. We’re really pleased to have Ryan Dean (Knight Frank) and Tom Barton (VSL and Partners) on board and look forward to working closely with them both.”
Emma Goodford, Partner at Knight Frank, said: “Park Drive East is a major development for Milton Park and shows a continued commitment by MEPC to deliver the best quality of accommodationfor tech, science and office occupiers. We are excited to be working with the MEPC team again and we’re confident these fantastic buildings, in this outstanding business location will attracting good interest. There is currently a lack of existing options of this size in the marketplace and these buildings will fit the bill perfectly. Oxford continues to be a magnet for businesses wanting to capitalize on the reputation of the University and pull on the intelligent workforce and Milton Park is a key focus for business seeking to establish a new venture or expand from current accommodation.”
Tom Barton, Partner at VSL added: “We are delighted to be involved in this scheme and have already had a good level of interest so far and urge any companies who are looking for this kind of space to register their interest as soon as possible to avoid disappointment.”
Located in the heart of the Science Vale UK Enterprise Zone, Milton Park is one of Europe’s largest and most successful integrated business, science and technology parks under single-ownership. It is now home to over 9,000 people and 250 organisations.
MEPC Limited provides, creates and develops the right buildings and working environments for modern organisations, helping companies grow, succeed and belong to vibrant business communities. By investing in long term relationship with customers, MEPC understands the ever changing needs of business and delivers property solutions that are fit for purpose.
The business estates managed by MEPC accommodate over 350 organisations and circa 10,000 people working in manufacturing, professional services, and leading edge science and technology. The on-site teams consistently exceed expectations through their professionalism, dedication and approachability.
Investors benefit from this unique approach to working with occupiers which produces consistent class leading returns.
Milton Park is home to 8,500 people and 250 organisations. As one of Europe’s largest business parks, Milton Park accommodates all types of business, from manufacturing and medical services to mobile technology. By having such a large and eclectic variety of companies and individuals, creates an environment that is inclusive, as well as exclusive.
MEPC is the manager and developer of Milton Park and for further information, please visit www.miltonpark.co.uk
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