Brookfield has unveiled the latest in its ARC brand of science parks.
ARC Oxford, formerly Oxford Business Park, has been launched as the latest in Brookfield’s rebranding of science and technology parks it owns. And the investor and business park developer could double its size.
Brookfield plans to help address the exploding demand for laboratory space in Oxfordshire and is set to invest £1 billion across the county by the late 2020s. It says the current 514,000 sq ft of space at ARC Oxford could double through its investment.
Since Brookfield acquired the park in 2021, ARC has speculatively developed, refurbished and let around 60,000 sq ft of space which has had three new science occupiers.
Ivy Farm Technologies, OMass Therapeutics and Exact Sciences have taken a total 51,000 sq ft. In addition, Accession Theraputics has increased its space by 30 per cent.
Dan Williams, director of asset management at ARC Oxford, said: “Oxford has a thriving innovation ecosystem, however science-ready space is in short supply across the city.
“We’ve been working in partnership with our members to understand their needs, so that we can invest and build state-of-the-art, flexible research and development space on a speculative or pre-committed basis. This will allow our members to scale at pace, focusing on the scientific discoveries that will help solve some of the greatest challenges that we face.”
ARC Oxford is part of the ARC science and tech network of clusters which includes Harwell Science and Innovation Campus, ARC West London and ARC Uxbridge.
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