The final phase of Tungsten Properties’ development at Tungsten Park Witney in Oxfordshire has been completed.
The £70 million scheme has seen the construction of 14 units, all of which Tungsten Properties confirmed have been fully let or sold. The units total 470,000ft² of industrial space, with 13 different business set to occupy the facilities. In addition to logistics companies, occupiers include firms from the automotive, medical, and defence sectors.
David Mole, Development Director at Tungsten Properties, said: “Witney is now an established employment area to the west of Oxford, however, four years ago it was an unproven industrial and logistics location. We spent considerable time with our agents to understand the location and potential demand for employment space.
“We identified a number of requirements and recognised a large undersupply of new and existing employment space in Witney and the West Oxfordshire area. This led to us successfully pre-letting and selling 80% of the first phase ahead of practical completion.
“Following this overwhelming success, we submitted the planning application to build out the remainder of the site and completed a forward funding deal with NFU to deliver the final phase.”
The buildings have been given BREEAM Excellent certification and an EPC A rating.
Leasing agents were Carter Jonas and CBRE.