Rare opportunity to invest into Cambridge’s exceptional office and Life Science sector
A market-defining deal to sell two laboratory and office buildings on the world-renowned Cambridge Science Park, on behalf of a Cambridge College to Brockton Everlast, for £45.1m. The two self-contained prime office and laboratory buildings total 74,800 sq ft and are let to internationally prominent life science companies Astex and Takeda, both with an unexpired lease term of 10.5 years, with an annual income of circa £1.28m.
The deal underlines the current strength of demand for life sciences and research assets in the UK.
The properties, available together, received fierce bidding from the biggest life sciences real estate investors around the world, as well as UK institutional funds, some as potential new entrants to the Life Science market.