Tydus and Bidwells jointly advised on the largest space commitment by a biotechnology company in Cambridge over the past 12 months.
Peterhouse College will be letting Q-Arc, Bar Hill, to a rapidly scaling biotech company. The tenant, 4basebio, is publicly listed and specialises in synthetic DNA and gene therapy technologies, supporting the development of next-generation therapeutics. Q-Arc will support the firm’s expansion and increase the scale of its research and development capabilities.
The building comprises 37,000 sq ft and will be retrofitted from office space into a CL2 laboratory and R&D facility. Peterhouse College chose to retain and refurbish the asset. The refurbishment was project managed by Bidwells’ building consultancy team.
Sophie Dickens, director at Tydus, said: “This transaction highlights the continued growth of the Cambridge life sciences sector, with scaling companies requiring larger and more sophisticated facilities to support their research programmes. Q-Arc provides the scale and flexibility needed to deliver a high-quality laboratory environment for 4basebio’s next phase of development.”
George Craig, partner in the business space agency team at Bidwells, said: “This transaction underlines the continued demand from scaling biotech companies for larger buildings that can be retrofitted into high-quality laboratory space. We were pleased to advise Peterhouse College on the refurbishment of Q-Arc to accommodate 4basebio and support their next phase of growth.”
Seb Denby, partner at Creative Places, advised 4basebio.
Image: Bidwells
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