In 2017 the National Infrastructure Commission (NIC) published its recommendations for achieving the economic potential of the Oxbridge Growth Corridor. We believe the economic outcomes delivered by the investment and strategic approach may be greater than anticipated.
The Oxbridge Growth Corridor is now a national priority. Linking the highly successful knowledge-based economies of Cambridge and Oxford is a government strategy (NIC 2017) to drive economic growth across this region by policy proposals focussing on transport (road and rail) and 1 million new homes by 2050.
Bidwells has released its Out-of-town Retail research paper. In the out-of-town market both rents and yields stabilised in the first half of 2018, driving improved total returns across most of the Bidwells region, due largely to good income returns.
Bidwells Summer 2018 'Our View on Industrial' research paper reports the industrial sector has been the strongest performing market in each of the past two years and the latest IPF UK Consensus Forecasts (May 2018) suggests that this period of dominance will continue through to 2019.
Bidwells Summer 2018 'Our View on Offices and Labs 2018' reveals take up across Oxford, Milton Keynes and Cambridge has averaged 1.5m sq ft since 2012, with Cambridge and now Oxford benefitting from increased investment into the ‘knowledge based’ sectors of the economy.
The potential closures of large stores and the announcement of other retailers rationalising their property portfolio, like Homebase, will have a dramatic effect in terms of loss of jobs, the knock-on effect to other retailers nearby, the effect on suppliers, and the overall effect to the high street.
Bidwells’ Summer 2018 Oxfordshire Industrial databook paper reports take-up reached a peak level of 439,800 sq ft in 2018 H1; the highest six monthly total on record. Download our research paper to find out more.