A building in the centre of The Oxford Science Park (TOSP) has been acquired by the park’s owner.
The Magdalen College-owned park, has bought the 31,581 sq ft Hinshelwood Building as part of its plan to expand its capacity to accommodate innovative firms.
Its programme also includes six new R&D buildings, totalling more than 600,000 sq ft, to be constructed over the next three years. The first, the 86,000 sq ft Iversen Building, Oxford’s first speculative lab-ready development, is expected to complete this Summer.
Rory Maw, chief executive of TOSP, said: “The Hinshelwood Building is an important strategic site at the heart of The Oxford Science Park and has been earmarked for some time as one of our priority investments.
“We are therefore delighted to have completed the acquisition. Taking control of the building enhances our ability to provide a balance of flexible office and laboratory space to our fast-growing base of occupiers as well as new companies moving to the Park.”
Cushman & Wakefield and Bryan Cave Leighton Paisner acted for TOSP.
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