Construction of the new Kingsmere Retail Park, formerly called Bicester Gateway Retail Park, started earlier this month with completion scheduled for late October 2019. It will be located on Oxford road, adjacent to Kingsmere Village.
Since the development was first proposed, big brands have signed-up for units and others are eager to follow. Next and M&S Simply Food have 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 the 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 £40 million 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.
The build time for Kingsmere Retail Park is approximately nine months and the hand over to the retailers is expected to take place around Autumn