Unit 101 on Cambridge Science Park has been purchased by Morgan Stanley for £50.1 million, with Savills acting on behalf of a client of LaSalle Investment Management.
At present, the building is leased to four occupiers- global firms Citrix, Grant Thornton, Huawei, and Schneider Electric, who have all recently undertaken lease regears.
According to Savills, the property is designed to a high specification, comprising of 79,990 sq. ft of Grade A office space spread across three floors. The building is rated ‘Very Good’ by BREEAM, and offers roof PV installation, bike storage, a shower and drying room, and 13 electric vehicle charging points, as well as a large car park.
James Vivian, director of the Office Investment team at Savills said “This was an attractive investment opportunity situated on one of Europe’s most established and successful science parks. The life science and tech sub-sectors of the office market have been incredibly resilient over the past year and following a competitive process, which attracted strong demand, we a delighted to complete this sale on behalf of our client for over the guide price.”
Image source- Savills
© Eastern Echo (powered by ukpropertyforums.com).
Sign up to receive your free Eastern Echo newsletter every other week here.