Major employment land opportunity sold in Oxfordshire

Carter Jonas, the national property consultancy, has sold a 24-acre employment site off Downs Road, Witney, Oxfordshire to industrial and warehouse developer Tungsten Properties. Carter Jonas’ Oxford Commercial team acted on behalf of Oxfordshire Land.

The site, which forms part of a larger mixed-use development, has outline consent for B class employment uses. It is located on the corner of Downs Road and Range Road and is within 500m of a new junction on to the A40. This provides direct access to Oxford to the east and Cheltenham and the M5 to the west.

Jon Silversides, Partner, Carter Jonas said: "Witney has experienced considerable growth in recent years, and the promotion of the larger West Witney development scheme, of which this site is part, has played a vital role in its progression. Witney is fast becoming a destination of choice for both investors and occupiers attracted to its improved infrastructure and the range of development options available.

"Such factors - coupled with the fact that this is the first site of this scale to become available in the region for 15 years - meant strong levels of interest were received in the scheme, culminating in Tungsten Properties’ bid being accepted. The development presents Tungsten and the wider community with an excellent opportunity, and we are extremely excited that our involvement with the scheme doesn’t end here. We look forward to working with Tungsten over the coming years as joint agents on site to ensure its success.”

Carter Jonas represented Oxfordshire Land and Tungsten Properties was unrepresented.