Life science property investor Life Science REIT has let two units, totalling 10,765 sq ft, at Oxford Technology Park (OTP) to clinical research and diagnostics company Oxford Gene Technology.
The letting, at the park’s Innovation Quarter, brings the proportion of completed space which is let or under offer to 75 per cent.
The new occupier, part of the Sysmex Corporation, has outgrown its home at Begbroke Science Park. Its new annual rent will be £220,000 for its 10 year term.
The 69, 400 sq ft building, which includes both wet and dry labs, has just reached practical completion and has received a BREEAM Excellent certification and an EPC A rating.
The Innovation Quarter itself occupies a total of 69,400 sq ft and is built to accommodate both Wet and Dry labs.
Ian Harris, director of asset management at Ironstone Asset Management, said: “Oxford Gene Technology is exactly the type of growing, life sciences business that the Innovation Quarter at OTP was designed to attract.
“The units are smaller, more flexible and more affordable than elsewhere in Oxford but are very close to the academic and research institutions in and around the university.
“Across OTP the company is uniquely positioned with a range of high quality, affordable and well-located space, appealing to occupiers across the life sciences spectrum.”
© Thames Tap (powered by ukpropertyforums.com).
Sign up to receive our weekly free journal, The Forum here.