GIC buys 40% stake in The Oxford Science Park
Acquisition advice in GIC’s acquisition of a 40% stake in The Oxford Science Park
Price
c£160m
Client
GIC
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The £160m stake has been bought by Singaporean sovereign wealth fund GIC for £160m, valuing the whole park at around £400m.
The College put the stake up for sale to raise money to help develop the rest of the Oxford Science Park.
Several state-of-the-art facilities are planned for 23 acres of development land at the Oxford Science Park, with the capacity to add at least a further 500,000 sq ft. Construction of the first of these is expected to start in 2022, with further detail of the overall development masterplan planned.
I look forward to working with GIC to enhance the park’s position “as the science park of choice for leading science and technology companies”.
As a long-term investor with a strategic outlook, its objectives are aligned with ours, those of our occupiers and of Magdalen College. As well as being an enormous demonstration of confidence in the UK – and Oxford in particular – as a leading location for international life science and technology, this is a transformational investment for the Oxford Science Park.
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