The developer got planning permission in 2012 despite local planning officers recommending that it should not go ahead.
The Banbury Gateway project involves demolishing existing buildings on the site next to the M40 and putting up 290,000 sq ft of new shopping space. Under the plans, there will be 10 retail and three restaurant/cafe units, including a 100,000 sq ft Marks & Spencer anchor store.
The site was previously the headquarters of motorsport company Prodrive, which has relocated.
LXB has also had the all clear for its Rushden Lakes development in Northamptonshire. Communities secretary Eric Pickles called it in but has now supported the planning inspector’s recommendation to uphold the 2012 planning permission for the 465,000 sq ft of mixed use retail and leisure. Assuming no further challenges under judicial review procedures, the planning permission will become final in six weeks’ time.