The latest development to house remarkable space technology at Westcott Venture Park has been completed.
Patrizia has announced the opening of Units A and B at Building 4000, a 27,000 sq ft mix of laboratory, office and warehouse space over two floors, which has been let to the Satellite Applications Catapult on a 10 year lease.
It will be used for a concept called in-space service manufacturing and the Healthy Living Laboratory. It will house a new 3D printing system to make rocket engines. Organisations working in space-related industries will have the opportunity to build parts on a pay-as-you-go basis.
Rod Mordey, Westcott asset manager, said: “The new development is a result of investment by industry and government, together with a £3.7 million outlay from Westcott owners Patrizia Hanover PUT, which enabled a matched funding grant of £2m, from the Getting Building Fund through the Buckinghamshire Local Enterprise Partnership. We are soon to complete on the final letting of 11,250 sq ft at Unit C to another company within the healthcare sector.
“Westcott is a place for businesses to secure their future within a community of technology innovators and in a location that offers unrivalled security and space to grow. We continue to invest in the park’s future in order to retain and attract more businesses to this thriving community.”
Stuart Martin, chief executive of the Satellite Applications Catapult, said: “We are really pleased to be able to further expand our offering to support the growing community of space businesses at Westcott, with both cutting-edge equipment and the knowledge and expertise of our teams.
“Activity at Westcott in recent years reflects the burgeoning excitement within the space sector, with companies seeing an ever-growing range of new commercial opportunities. We are delighted to be part of this development journey and working alongside the Westcott Venture Park and Buckinghamshire LEP to build the space community here.”
© Thames Tap (powered by ukpropertyforums.com).
Sign up to receive your free weekly Thames Tap journal here.