A company pioneering the journey towards driverless cars has expanded into a new base in Oxford city centre.
Five AI has taken 2,600 sq ft on the first floor in 59 St Aldates on a five-year lease after moving from a nearby building.
The rapidly growing firm has occupied the final space at the development which was recently refurbished by owners Vantage Asset Management.
Five AI was launched in 2016 by serial entrepreneur Stan Boland and is currently testing its driverless car technology in London after receiving the single largest investment into an artificial intelligence (AI) business from the UK government.
The property refurbishment of St Aldates was launched a year ago by owner Vantage Asset Management. It was completed this summer and is now fully let.
Duncan May, associate director at agents VSL, said: “This development is proof that creating ultra-modern office space with excellent facilities is the key to attracting the type of innovative, hi-tech companies that are powering the local economy and Five AI is an excellent example of that.
“The team at Vantage Asset Management have not only helped revitalise the city centre by transforming a tired building, they have created an inspirational workspace which will help trail blaze future development in Oxford.”
Robert Thain, Director at Vantage Asset Management explains: “Our investment in the refurbishment of St Aldates has resulted in us driving rents forward, which is now leading the way in the Oxford city centre office market.”