One of Cambridge’s largest leasing transactions of 2021
Client
NAPP Pharmaceuticals
Size
37,000 sq ft
Location
Cambridge, UK
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Providing expert leasing and occupier services, we orchestrated a world-leading technology company to take over a significant amount of office space at Cambridge Science Park.
NAPP Pharmaceuticals approached us in early 2021 to discuss opportunities for its portfolio, with its priority to reduce costs. We were appointed to dispose of a significant amount of office space that was surplus to the client’s needs.
Utilising our proactive agency approach, we successfully identified and negotiated a contract with a new tenant within just three months. As a result of our unique insight and relationships in the Cambridge technology sector, we crafted a compelling narrative that highlighted the many positive elements of this space to attract a world-leading organisation.
One of the largest transactions in Cambridge in 2021, this deal reduced the client's cost liability by approximately £6m.
The new tenant committed to revitalising the existing building and investing in its facilities. This transaction also brings one of the world's largest corporations into the park, further cementing its importance as a world-leading technology hub.
