Sale of a long-let ground rent investment to a new government vaccine facility
Harwell Science and Innovation Campus
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.