We’ve reported recently in Eastern Echo on the acquisition by Bruntwood SciTech of TTP’s Melbourn Science Park on the outskirts of Cambridge.
It’s the debut acquisition by the tech joint venture between Bruntwood, the long-established Manchester developer, and Legal & General, the pensions and insurance giant, colloquially known as L&G.
Our readers will know that L&G has also entered into a £4 billion joint venture with the University of Oxford and its development arm, Oxford University Development, is already building a head of steam with its projects in and around the city.
Bruntwood’s tie-in with L&G has also been reported over in Oxford, in the context of the proposed development of the University’s Begbroke Science Park. Another joint venture in the pipeline, maybe…
But we’re finding the bigger picture which emerges from the Melbourn story very interesting in the context of the Arc.
And not just the Arc but the golden triangle of London, Oxford and Cambridge and beyond.
As anyone who has read the Arc Prospectus knows, a significant justification for supporting the activities in the Arc is that they won’t be confined just to that area of the country.
As Kate Lawlor, chief executive of Bruntwood SciTech has said: “Establishing a presence in Cambridge creates a vital connection between the golden triangle and some of the UK’s other leading innovation districts in Manchester, Leeds, Liverpool and Birmingham.
“It further enables us to support the levelling up of the UK economy, building our network to increase the flow of investments, talent and capital into the UK science and tech sector.”
And Eleanor Jukes, senior investment manager at L&G Capital, reinforces the message: “We can now work in partnership with more world-leading universities, science and technology businesses and ground-breaking start-ups.”
Our readers will, we’re sure, have spotted our ArcWatch logo; we think it depicts what the Arc means for the activities and economy of the country as a whole.
We’re very excited and looking forward to reporting regularly on news and sharing our views and those of our readers. Stay logged in!
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