Construction of the new Kingsmere Retail Park, formerly called Bicester Gateway Retail Park, in Oxford Road, Bicester started this week with completion scheduled for late October 2019.
The contractor appointed to undertake the construction works is Jehu Project Services Limited, part of the Jehu Group based in Bridgend, South Wales.
Martin Ridgway, Group Managing Director of Consolidated Property Group, the developers promoting the new Kingsmere Retail Park, said: “It’s great news to finally get onsite and see the retail park take shape. Being adjacent to Countryside Properties’ Kingsmere Village we decided to change its name to reflect its true location.
“Since the development was first proposed there has been a radical change in the retail market but some big names have already signed-up for units and others are eager to follow.
Next and M&S Simply Food have now signed with their latest format flagship stores and there are others in the pipeline.
“Kingsmere Retail Park will build on the success of Bicester as an attractive retail, residential and commercial centre. The scheme is designed to meet the needs of local residents who will no longer have to travel outside of the area to shop and will at last be able to visit well-known modern high street stores on their doorstep.
“The development will provide a best in class development with a total capital investment of £40m making it one of the most expensive retail schemes built in the uk with extensive use of natural stone, structural glazing and high quality materials”.
Andrew Carrington, Director of Countryside Properties (Bicester) Limited, comments: “One of the major benefits of living at Kingsmere is that residents can enjoy access to high class leisure and retail facilities. Kingsmere Retail Park will continue to build on this, giving the community a place where they can enjoy some of the leading brands right on their doorstep. It will bring a new level of convenience and experience for everyone living here, while also helping to make sure that Kingsmere continues to thrive in Bicester.”
The development will create in excess of 300 full time equivalent jobs many of which will be part-time positions and will appeal to local residents.
Mark Jehu of Jehu Project Services said: “We are pleased to have been appointed as main contractor on this flagship project and to get onsite. The build time is approximately nine months and anticipate handing over to the retailers for fit-out this autumn. Over the project build time we will be employing up to 100 staff and will be using local contractors wherever possible.”