Two European businesses have selected a new state-of-the-art building at Monument Business Park in Chalgrove as their UK headquarters, signifying a commitment to Oxfordshire and the UK, post Brexit.
Austrian-owned company KNAPP UK, a supplier of logistics automation systems and software to clients such as John Lewis, M&S and Boots, has become one of the first businesses to lease space at the Jennings owned Hampden Field development, alongside German company EUDRAC, a European drug regulatory affairs consultancy.
Both businesses believe Brexit has the potential to encourage growth and see Oxfordshire as a prime location for business development.
Craig Rollason, managing director, KNAPP UK, said: “Brexit is expected to result in labour shortages in manual warehouses where the proportion of migrant labour has been large in recent years. This could increase the need for automated systems which, in addition to e-commerce, will be a key driver for flexible automated systems for many of KNAPP’s retail clients.”
EUDRAC’s managing director, Carole Pugh, said: “Additional consultancy services will be provided by EUDRAC to help our UK and European pharmaceutical clients negotiate their way through new post Brexit regulations to ensure they are legally compliant when operating in Europe. This will be a growth area until things settle down and is much the same as when a new country joins the European Union.”
KNAPP UK has signed a 10-year lease on an 8,000 sq ft office with EUDRAC taking a 2,500 sq ft office for a five-year period. Commenting on the move from Buckinghamshire, KNAPP’s managing director, Craig Rollason, said: “Hampden Field has an impressive appearance in terms of hosting meetings with clients or potential clients and its Oxfordshire location has enabled us to retain our talented team. Jennings provided us with weekly updates throughout the development and enabled us to have an input into the building’s design to ensure it meets our needs. This has proved invaluable and has helped make relocating a very smooth process.”
Paul Mabbutt, managing director of Jennings, said: “We would like to welcome KNAPP to Monument Business Park and are delighted to see the EUDRAC team grow out of our on site serviced office building to lease their own space. Monument Business Park is home to 80 businesses with a community of more than 500 people and we look forward to supporting all businesses with their journey of continued growth.”
Hampden Field is part of a phased development that will see a total of four new buildings developed at Monument Business Park, where tenants enjoy a close-knit community with a multitude of on site facilities and services. Phase 2, likely to consist of smaller workshop units, is due to begin soon.