Work has started on the first phase of one of the biggest industrial property developments in Oxford for more than a decade in a move which will create scores of jobs.

Network Oxford will cover seven acres in Sandy Lane West, Cowley, and will involve the redevelopment of existing redundant warehousing. Two tenants have already been lined up to move into the first phase of the new development once it has been completed early next year.

Bus operator Stagecoach will take a one acre area at the rear of the scheme to extend its existing depot.

And Nedschroef, which supplies small parts such as screws, rubber and plastic items to the Mini plant in Cowley is moving from its current premises on the Oxford Business Park North. It is leasing a 30,000 sq ft warehouse building creating up to ten more jobs in addition to its existing 40-strong workforce.

Managing director David Hughes said: "The new premises will be bigger and we are looking to expand."

The second phase will involve smaller units designed for occupiers such as builders merchants requiring a trade counter operation.