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      What we do/ Our Projects/ VMIC, Harwell Campus, Harwell Deal

      Sale of a long-let ground rent investment to a new government vaccine facility

      Vaccine Manufacturing and Innovation Centre, Harwell Campus, Oxfordshire

      Client
      Harwell Science and Innovation Campus

      Price
      £13.85m

      Net yield
      2.45%

      Services provided

      Capital Markets successfully advised on the disposal of a ground lease investment, let to a new Government Vaccine Manufacturing and Innovation Centre (VMIC), for the Harwell Campus. The 100-year ground lease featured annual upwards only, uncapped, RPI uplifts making it attractive to institutional investors. The facility is being built by the tenant (VMIC) and is funded through a £67m grant from the Industrial Strategy Challenge Fund. VMIC will provide facilities and subject matter expertise that will rapidly accelerate vaccine research in the UK.

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