Digital dictation systems firm Lexacom has moved into new headquarters in Banbury.
The business, which works across the healthcare, legal, financial services and property sectors, has taken the whole of East Court at Hardwick Business Park — totalling 5,000 sq ft — on a new five year lease at a quoted rent of £65,000 a year.
Hardwick Business Park comprises refurbished barn conversion buildings to the north of Banbury, sitting in a prime commercial and residential development area all previously occupied by Alcan Aluminiun.
Alcan disposed of the farm and its landholding to both residential and commercial developers including Cannock Developments, Standard Life and Hardwick Business Park’s owner MIJ Grange Estates.
Chris White, managing director of agents White Commercial, said: “This is good news for North Oxfordshire.We are seeing a substantial improvement in the take up of office accommodation in the area with more than 60,000 sq ft of offices about to be leased/occupied to new and expanding companies.”
White Commercial has also completed the sale of Beaumont House, a 23,000 sq ft office building, to Nene Group.
Nene Group is a family business trading since the late 1960s specialising in industrial property development and ownership as well as pallet racking and material handling.
The six storey Beaumont House is to undergo a major refit costing more than £1m to become the regional headquarters of logistics and transport giant Kuehne & Nagel.
Weatherbeeta, the main tenant of the building, has surrendered its lease on 11,500 sq ft and acquired new premises at Banbury Business Park.
“This is excellent news for Banbury and retains more than 80 jobs for
Kuehne & Nagel in the North Oxfordshire area,” Chris White
added. “We have also been advising Weatherbeeta for some time on the disposal of its Beaumont House offices and its relocation to 10,000 sq ft of quality office accommodation at Banbury Business Park which keeps another major business in Banbury.
“In difficult economic times we are finding many companies are looking to expand and to improve the efficiency and quality of their premises for their current business needs whilst also taking advantage of flexible and economic leasing transactions.”