Mace and Doric Properties joint venture has agreed a £62.8 million regeneration deal in Oxford.
by Rory Butler / November 21, 2022
Inside the deal: BDC Phase 2 Limited (JV) has settled forward-funding and the sale of Phase Two of the West Way Square build-to-rent scheme in Botley, to residential landlord, Grainger plc.
West Way Square is a 150-home mixed-use development ten minutes from the city centre. It is Grainger plc’s first acquisition of a build-to-rent scheme in the city.
Gilbert-Ash Limited is the contractor. Works start this month, with completion expected late 2024. Phase Two is the final stage of the development.
Phase One:
- 264 student flats
- 20 build-to-rent flats
- 40,000 sq ft of retail/commercial space
- hotel, office and library
Phase Two:
- 150 build-to-rent homes
- 3,244 sq ft indoor amenity space
- 7,662 sq ft garden
- 2,263 sq ft roof terrace
- seven commercial units (10,058 sq ft)
“With this funding in place for Phase Two, we can realise the overall vision for the development to leave a positive and lasting legacy for this thriving part of Oxford and for Grainger, “said finance director for Develop at Mace Group, Kirsten White.
If you enjoyed this article, we also recommend Midgard to deliver £200m Birmingham skyscraper
