Royal London Asset Management is seeking planning permission to deliver a commercial development on Plot 4 at Abingdon Business Park in Oxfordshire.
XLB asset-manages the park on behalf of RLAM.
The proposed development, spanning across 25,000 sq ft of warehouse and office space, will sit on the two-acre site which has been used as a car park for the past four years. The plans also include 32 car-parking spaces in a separate car park and 21 car-parking spaces within the service yard.
The development is targeting EPC A and BREEAM Outstanding ratings. Recent signings at the park include Abbot Laboratories, Oxford Nanopore Technologies, Alloyed and Orchid Cellmark.
RLAM acquired the 464,000 sq ft park from Patrizia, for £61.5m in 2019 and since then has undertaken a comprehensive asset management programme, refurbishing and reletting the majority of space on the estate.
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