Botanic Place Development

Botanic Place, Cambridge

Pace Investments
£175m (including gearing)

The client’s initial objective was to assemble the whole of the Botanic Place site whilst maintaining an acceptable income return.

The site will provide the most sustainable workspace created in the city of Cambridge and is designed to achieve BREEAM Outstanding, and WELL and Wired Scored Platinum ratings.

Since initially purchasing part of the site in 1996, Pace Investments has assembled the estate and built-up a deep understanding of the holding through a programme of site assembly and estate management as well as engagement with tenants, neighbours, local stakeholder, and the community. We have been working with them since the initial purchase and the relationship has turned into one of friendship, and not just that of a client and agent.

Acting as lead agent, we intrinsically know the market and have a long and positive arrangement of trust with the client to discuss, agree and implement their strategy.  Our advice has helped to make a significant return through the assembly, achievement of planning and sale of the site.

Botanic Place is the greenest office building that’s been designed in Cambridge and will provide an employment opportunity for circa 3,000 people, as well as open space and amenity to the wider Cambridge community.

The client achieved planning for buildings that will deliver the largest, greenest, speculative office development in the centre of Cambridge and one which will act as a benchmark for all future development in the city.

Pace Investments remains committed, through their long leasehold structure created, to the delivery and the future success of the proposed scheme.

Botanic Place garden

Pace has made a significant financial premium from the sale of the long leasehold interest in its Botanic Place site and maintained a robust income stream of over a £1 million per annum which will rise in line with RPI indices linking back to ERV of the developed buildings.

Botanic Place Roof
Botanic Place
Botanic Place 2 buildings

Get in touch

Image of Dick Wise 2024

Dick Wise

Partner, Head of Business Space Agency

Dick leads our award-winning business space agency teams across the south of England and is one of Cambridgeshire’s best known and leading property advisors.

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Jonathan Bainbridge

Partner, Planning

Jonathan leads our London planning team, focussing on technology clusters, large-scale residential, council headquarters and higher education – it’s an eclectic CV.

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Mike Derbyshire

Partner, Head of Planning

Mike leads Bidwells’ planning practice. He is a passionate and vastly experienced advocate for thoughtful, well-designed development and a thought leader on the future of planning in England.

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James Abraham

Partner, Project Management

Over the course of his career, James has procured over £5bn of construction work.  Every scheme has been delivered without fail. That’s some track record.

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Martina Sechi

Associate, Head of Landscape & Townscape Assessment

Martina is passionate about townscape architecture, ensuring her clients’ visions are delivered in a way that complement their settings.

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