Tritax Symmetry has completed the first phase of Symmetry Park, Bicester to syncreon, A DP World Company. It has leased the last remaining speculatively built facility at the Park totalling 271,227 sq ft.
The company, which provides logistics and supply chain solutions, has taken Unit C on a 15-year lease to further improve its distribution network after securing a contract with a major music distributor. The company, which is part of DP World, will join existing businesses at the Park including DPD (60,000 sq ft); Ocado (164,000 sq ft), Bentley Designs (88,000 sq ft) and Medline Services (110,000 sq ft).
Unit C is the latest building at Symmetry Park Bicester to be built to net zero carbon in construction, in line with Tritax’s commitment to building all new developments to net zero carbon, as regulated by the UK Green Building Council (UKGBC). syncreon’s state-of-the-art logistics building, which was built by A&H Construction and completed in December 2022 incorporates significant PV solar power generation as well as EV car charging points.
Speaking about the scheme, Tom Leeming, Development Director at Tritax Symmetry, commented:
“Since we first broke ground here at Symmetry Park Bicester in 2017, we have closely worked with Cherwell District Council to attract more businesses, provide growth opportunities to existing businesses in the town and attract considerable capital investment of over £100m to the area. Today, the Park is home to a host of premier businesses. In addition, we have a further 16-acres to develop as part of phase three.”
Tom Parker, EMEA Real Estate Director at syncreon, continued:
“We are pleased to secure Unit C at Symmetry Park, Bicester, which is another exciting acquisition to syncreon’s expanding UK Real Estate Portfolio. Bicester is the perfect location from which to operate our customer’s national distribution from, relocating from an existing operation in Aylesbury. The net zero carbon construction, and on-site renewable energy generation, is an important aspect in DP World’s own sustainability agenda and the state-of-the-art facility reflects positively on our business and brand. We look forward to continuing our relationship with Tritax over the duration of the lease.”
Extending to a total of 69 acres, Symmetry Park, Bicester has the capacity to deliver up to 963,000 sq ft of logistics floor space.
Savills and DTRE are joint letting agents for Symmetry Park, Bicester.
DP World and syncreon are exhibiting at Multimodal 2023 on stand 4060