Business booms after Oxfam exit

Anita Pati

Oxfam's move away from a wealthy Oxford suburb after 40 years has regenerated business in the city, according to local traders.

Since the charity moved to an industrial park in September last year, businesses and a school have rushed in to buy the charity's properties in Oxford's salubrious Summertown area.

Oxfam owned eight buildings on one street, two of which have just been sold for a total of £3.5m.

"Summertown's office market was dominated by Oxfam," said Richard Venables of VSL & Partners, the property agent that handled Oxfam's move. "Its relocation has opened up opportunities for accommodation and good quality offices."

Paul Briggs, chief executive of the Thames Valley Chamber of Commerce, said: "Oxfam's departure can now provide opportunities for other businesses."

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners

Markel

Expert Hub

Insurance advice from Markel

Managing risk at outdoor events

Managing risk at outdoor events

Partner Content: Presented By Markel

Voluntary and community events are increasingly popular, especially around this time of year.

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now