Savills has taken an 873m2 (9,400 sq ft) prelet at Botley, west Oxford, for a new office, doubling the size of its Oxford operation.
The company has rapidly increased its presence in the city. It bought James Offen & Partners last year and expanded its team of five to 40 over the past 18 months.
Head of the office, William Donger, said: “We need more room because we’ve grown so much.
“We will probably expand to about 50-55 people.”
The company plans to sublet around 279m2 (3,000 sq ft) of the new space, he added.
The new office block, Eleven West Way Place, is being built by Minns Estate, with completion scheduled for next April. Barclays has prelet the remaining 455m2 (4,900 sq ft) of space. Both companies have signed 15-year leases at a rent of £175 per m2 (£16.25 per sq ft).
Savills acted for itself, while Barclays Property Holdings represented Barclays Bank.
Kemp & Kemp acted for Minns in the transaction.
