Canmoor and Tristan Capital Partners have jointly secured planning permission for the second phase of Accelerator Park in Sawston, Cambridgeshire.
Phase two, formerly known as South Cambridge Business Park, will provide three R&D/life sciences buildings totalling 86,000 sq ft.
Designed by Hale Architects, the buildings, which will range from 20,000 sq ft to 35,000 sq ft, will provide warehouse space and Cat A labs/offices on the ground and first floors.
The joint venture partners are targeting EPC A and BREEAM Excellent ratings for the buildings.
Sam Walker, director of Canmoor, said: “We are delighted to have been given the green light to push forward with the development of three new Mid-tech units, to provide much needed space for GMP and R&D occupiers wanting to be in the heart of the South Cambridgeshire life science cluster.”
“Having purchased the wider site in July 2023, including phase one of Accelerator Park, and Ashwell Point, we bolted on two additional vacant units in January 2024, totalling 20,000 sq ft located at the adjacent Dales Manor Estate.
“These additional units will be refurbished during Q2-Q3 2024 having just received planning consent for E(g)(ii) use and will be available shortly. The overall site also offers further potential for development.”
Ventry Construction has been appointed as main contractor and work is due to start imminently, with practical completion expected likely at the end of Q2, 2025.
DTRE and Bidwells have been appointed as joint letting agents.
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