Stones of Banbury is the second company to take space at IOG’s new IO Centre at the Wildmere Industrial Estate, Banbury, directly opposite the M40 motorway. The company specialises in printing magazines, directories, brochures and sports programmes and has taken space to facilitate its ongoing expansion plans.
Simon Hunt, managing director of Stones of Banbury, explains “We needed to expand, the IO Centre specifically suited our requirements and the location is geographically perfect for our operations.”
Unit 1 comprises 1,135sq m of new high specification industrial space at the IO Centre, which consists of seven units totaling 9,569sq m of prime space. A rental of £6.75 per sq ft has been agreed and five remaining units are available for sale or rental on leases from three to 15 years.
According to Rory Finnan at IOG: “We are delighted at the success of this scheme as there has been a high level of interest in the IO Centre units from local companies, with one sold and one let before completion.”
Chris White, director of White Mitchell and ex-chairman of Banbury Chamber of Commerce, confirms: “This is yet more success for Banbury. The development is the only new industrial development along the M40 and is extremely well located. We are receiving significant interest, particularly from companies wishing to own their own buildings. The availability of cheap finance is proving very attractive to those companies wishing to own their own buildings rather than rent them.”
Joint agents for the scheme are White Mitchell Commercial Surveyors in Banbury and Lambert Smith Hampton in Oxford.