The Business Magazine - B2B Business News - Site Logo

Warning: Undefined array key "selectissue" in /home/970822.cloudwaysapps.com/utkbfqnuhr/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 4

Warning: Undefined array key "tbm_visit_edition_me" in /home/970822.cloudwaysapps.com/utkbfqnuhr/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 22
The Business Magazine - B2B Business News - Site Logo
The Business Magazine May 2024
Read now
PICK YOUR EDITION

YASA’s new Bicester Motion HQ approved by council

The Business Magazine article image for: YASA’s new Bicester Motion HQ approved by council
Bicester Motion's new Innovation Quarter
21 May 2024
Bicester Motion's new Innovation Quarter

Plans for three new interconnected buildings to house electric drive technology firm YASA at Bicester Motion business campus have been approved by Cherwell District Council.

YASA, a spinout from the University of Oxford and wholly owned by Mercedes-Benz Group, has agreed a 15-year lease to pre-let its new HQ, which will total 88,000 sq ft.

A reserved matters application, with bespoke designs, layout and landscaping, was submitted to Cherwell District Council, the planning authority, and Oxfordshire County Council, the highways authority.

With approval now received, construction is due to start on-site in July 2024 and practical completion is targeted for Spring 2025.

YASA employs more than 400 people across several sites in Oxfordshire and includes teams in innovation, engineering, prototyping, operations and business support functions.

Many of these teams will be due to relocate to Bicester Motion in January 2026.

The new HQ will be the first phase of Bicester Motion’s new Innovation Quarter, a £60 million investment to boost pioneering future mobility discovery.

It will deliver seven prestigious HQ buildings with views across the airfield and will total 215,000 sq ft.

Paul Fitzpatrick, head of marketing and communications at YASA, said: “We are delighted that our new UK HQ has the official green light.

“This is significant news for our staff, customers and wider supply chain. We have worked closely with the Bicester Motion team to ensure that our new facility matches our ambitions as part of Mercedes-Benz, right here in Oxfordshire, the heartland of automotive technology.”

Daniel Geoghegan, chief executive of Bicester Motion, added: “We welcome this news and I thank our team which has worked tirelessly and efficiently to deliver YASA’s detailed designs for their new landmark HQ.

“YASA has impressive plans to continue accelerating its business in Oxfordshire, the unrivalled home of world-leading automotive technology and mobility brands.

“We look forward to progressing with construction to deliver for YASA.

“We continue positive discussions with a range of future mobility and advanced technology companies for our remaining new buildings.”

Bicester Motion has also committed to significant infrastructure improvements, including cycle and connectivity to Bicester North station and the surrounding area.

It’s anticipated that more than 500 construction jobs will be created as result of the Innovation Quarter, which will enhance GVA for the local economy.

Adalta Real represented Bicester Motion. Adalta Real and Bidwells are the commercial leasing agents.


Share 

Born and raised in Berkshire, Dan fell into journalism after completing his bachelor’s degree in English at UCL.

Writing for The Business Magazine and local Biz News sites has given him the opportunity to chat with all manner of small business owners and share their success stories with a wider audience.

Outside of work, Dan enjoys live music, board games and quiz shows, and is making a slow but persistent effort to learn Spanish.

Latest deal ticket

All deals
  • Hazrem Environmental (Wales)
    has been acquired by
    Biffa (Buckinghamshire)
    June 2024
    UNDISCLOSED
    Who's behind the deal?
  • Silex (Hampshire)
    has been acquired by
    Euston Ventures (London)
    June 2024
    UNDISCLOSED
    Who's behind the deal?
  • Gristwood & Toms (Hertfordshire)
    has been acquired by
    Nurture Group (Surrey)
    June 2024
    UNDISCLOSED
    Who's behind the deal?

Events

All events

Related news


Group Titles

Dorset BIZ NewsHampshire BIZ News
cross