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Brixton Bucks Trend With Rental Growth in Oxford

LONDON-Brixton is claiming a new record rent with a new letting at pounds 7.75 ($12) per sf for a new letting at the second phase of the 170,000-sf Oxford Industrial Park.

By Graham Parker | Updated on April 11, 2003

LONDON- Oxford Biosensors Limited are taking a 15-year lease the 11,291-sf Unit 15 in the second phase of Brixton’s170,000-sf Oxford Industrial Park. The base rent of £7.75 ($12) per sf reflects a 15% uplift on the previous record at the park, set in 2000, according to Brixton.

As part of the deal, Brixton is to construct an additional mezzanine floor of 3,229 sf which will be rentalised at £6.35 ($10) per sf, bringing the total rent to £108,000 ($170,000) per annum. The tenant will pay half rental for the first year of the term, and the deal is subject to planning for the extra works requested by the tenant.

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