Private sector investor client
Collaborative relationship with local authority to define gateway policy
Centre helped to secure planning permission for further local development
During 2010, Oxford Innovation prepared a business plan demonstrating investment returns comparable with the conventional office market in Southampton and secured a contract to operate the building as an innovation centre on behalf of MDL Marinas.
In the meantime, we developed a collaborative relationship with Southampton City Council in order to re-negotiate a Section 106 agreement, limiting the occupation of the building to research based companies. We worked closely with them on defining a new gateway policy for the building, which was crucially aligned with the economic development agenda of Southampton City Council.
As a result of working with the key stakeholders, Ocean Village Innovation Centre opened for business in November 2010 with an official opening event held in December 2010.
After a phased fit-out to reduce initial capital expenditure, the centre is now operating 32,000 sq ft of high quality office space over five floors.
For more information, please visit our website www.oceanvillage-ic.co.uk