Bicester Motion, the 444-acre future mobility estate in Bicester, Oxfordshire, has secured a £26.8 million development loan from Cain International, an alternative asset manager specialising in real estate investment solutions.
The funding will be used to deliver the first phase of The Ranges, the estate’s latest development designed by architectural practice 3DReid, for headquarters buildings for innovative transport technology companies.
Phase 1 will be the new headquarters for Mercedes-Benz Group-owned YASA, which is a spin-out from the University of Oxford that is pioneering new electric drive technology. Practical completion is targeted for summer 2025 with YASA’s fit out to follow and teams to relocate in early 2026. The Ranges’ remaining four high-specification buildings, masterplanned specifically for future mobility design, light manufacturing, research and development, will be part of phase 2.
“This funding enables us to support YASA’s growth plans, adding their 400 strong staff team to our thriving community. Cain International has been supportive and flexible in providing us with the development funding required and has the capacity to increase its commitment as we continue to deliver our ambitious and exciting masterplan to boost future mobility discovery.”- John Bentley, chief financial officer, Bicester Motion
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