Mace buys stake in £100m Oxfordshire regen scheme

Aaron Morby 6 years ago
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Mace has taken a 50% stake in developer Doric Properties to redevelop Botley shopping centre on the outskirts of Oxford.

A planning application for the £100m-plus redevelopment of the existing 1960s West Way shopping precinct has already been submitted and a supporting environmental statement went in last week.

Under the deal, Mace has become a joint venture partner and shareholder in Doric Properties.

The developers plan a large supermarket, a cinema, a hotel, restaurants and cafes, 525 student bedrooms, community spaces, and a Baptist church.

The planned development is arranged around a new public space and a large car park under a podium.

Stephen Pycroft, executive chairman of Mace, said: “We’ve always taken a partnership approach and we’re absolutely delighted to have partnered with Doric Properties to help deliver their proposals which will revitalise Botley.”

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