Mission Street and BGO secure planning permission for Phase 2 of Oxford development
Mission Street, a specialist investor, developer and operator of science and innovation real estate, and BGO, a real estate investment management advisor, have secured resolution to grant planning permission from Oxford City Council for Phase 2 of their development in the West End of Oxford.
The development, named Fabrica, will provide '180,000 sq ft of prime innovation real estate within a 10 minute walk from Oxford station and city centre' according to Mission Street and BGO.
This project is being developed as part of a joint venture between BGO and Mission Street and will be designed by esigned by global architecture firm NBBJ.
Fabrica has been designed to provide full flexibility of wet labs and offices across 5 floors in what the joint venture has called the ''next-generation commercial sciences building''.
Visit Hampshire Biz News for bright, upbeat and positive business news from the county
This approval of plans comes in the same week as Practical Completion of Mission Street/ BGO’s Inventa building which provides 65,000 sq ft of lab, office and collaboration space.
The Inventa scheme provides large lateral floor plates separated by two “high-street” atriums serving providing 8,000 sq ft of collaboration and breakout space for occupiers.
Artem Korolev, CEO of Mission Street, said: “The decision to grant planning permission for Fabrica is a significant statement for the city of Oxford and for the Mission Street-BGO joint venture.
''This is the largest commercial Sciences scheme to gain consent in central Oxford and recognises the growing trend towards urban Science.
''The benefits for future occupiers are clear – proximity to Oxford train station and the city centre provides access to wider talent pools, ability to adopt sustainable travel methods, access to the amenities and cultural offerings of the city centre as well as the key anchors including the University. We’re extremely excited to be at the forefront of this transformation of the West End.”
Read more - Portsmouth health research project to receive £5m cash injection
