Thomas White Oxford has launched a search for a commercial and residential joint venture partner to bring forward its £500m Oxford North project.
The firm has appointed Savills to find the partners to work with it to deliver phase 1a commercial and phase 1 Canalside residential for the scheme, which will provide 4,500 new jobs, 480 new homes for circa 1,500 people, shops, bars and restaurants, a hotel, 23 acres of open space and significant investment into the walking, cycling, bus and highway networks.
The commercial JV partner will deliver three new office buildings totalling 136,551 sq ft, the central public square, temporary car and cycle parking and installation of an energy sharing loop, while the residential JV partner will assist in the delivery of more than 200 homes, both market and affordable, together with related infrastructure.
William Donger, director at Thomas White Oxford said: “Oxford North will be a place that attracts talented people and organisations across technology, media, life sciences, pharmaceutical, biomedical and engineering.
“We continue to be in positive discussions with Oxford City Council to agree the necessary legal agreements and planning conditions that will allow the formal grant of planning permission.”
Savills director Jemma Aitken-Quack, added: “Oxford North will become an extension to one of the world’s greatest cities and be the most substantial and significant infrastructure project that Oxford has seen for nearly 100 years.
“This is an exceptional opportunity for developers and investors who share Thomas White Oxford’s strong social investment values to work together to deliver Oxford City Council’s vision for the area and unlock its potential for future generations.”
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