A resolution to grant planning permission for the second phase of a development in the West End of Oxford has been secured by an investor, developer and operator of science and innovation real estate, and a global real estate investment management advisor.

Mission Street and BGO have reached the agreement with Oxford City Council.

The development, known as Fabrica, is part of Mission Street's joint venture with BGO providing 180,000 sq ft of real estate that is a 10-minute walk from Oxford station and city centre.

Oxford Mail: The architect's model of the completed buildingThe architect's model of the completed building (Image: NBBJ)

The new-build scheme is designed by global architecture firm, NBBJ.

It offers full flexibility of wet labs and offices across five floors.

This approval comes alongside the recent completion of Mission Street and BGO’s Inventa building, which provides 65,000 sq ft of lab and office space.

Fabrica and Inventa are set to be the first commercial science schemes in the West End, which is Oxford’s central science district.

Over 2 million sq ft of commercial and University science real estate has been earmarked within the West End pipeline, including the Oxpens scheme by Nuffield College and Oxford City Council.

Artem Korolev, CEO of Mission Street, said: "The decision to grant planning permission for Fabrica is a significant statement for the city of Oxford and for the Mission Street-BGO joint venture.

"This is the largest commercial Sciences scheme to gain consent in central Oxford and recognises the growing trend towards urban Science.

"The benefits for future occupiers are clear – proximity to Oxford train station and the city centre provides access to wider talent pools, ability to adopt sustainable travel methods, access to the amenities and cultural offerings of the city centre as well as the key anchors including the University.

"We’re extremely excited to be at the forefront of this transformation of the West End."

Colin Brown, development director of Mission Street, said: "Having just signed off practical completion of Inventa, we’re really encouraged by this decision on Fabrica.

"The committee approval is the result of two years of hard work and extensive consultation with the local authority, the public and wider stakeholders.

"The team are all very really proud of the building design as well as the wider benefits that Fabrica will bring.

"Not only are we delivering a best-in-class science building in a supply starved market, but we are also delivering Oxford’s first Living Wage building and setting new standards in sustainable development for Science buildings."

With these developments, BGO and Mission Street are delivering over 1.5 million of lab and office space in key strategic UK locations, including the 'Golden Triangle' of Oxford, Cambridge and London.