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      Sale and Part Forward Funding of Newly Developed £182m R&D and Technology Park

      Oxf Tech Park 1
      Oxford Technology Park

      Oxford Technology Park Limited


      May 2022

      Life Science REIT has completed the acquisition of OTP, a 20 acre science and technology park.

      The Oxford Technology Park has been designed to deliver high specification office, laboratory and flexible hi-tech buildings with associated amenity to cater specifically for Oxford’s burgeoning life science and deep-tech sectors.

      Our Oxford-based business space agency team has been involved in advising on the leasing of the development of the 20-acre site from masterplanning through to delivery.

      Our deep understanding of activity across Oxford’s knowledge economy has allowed us to support the elevation of the profile of Oxford Technology Park and facilitate discussions with prospective tenants looking to lease bespoke laboratory, office and hi-tech space.

      In 2022, our Capital Markets team acted for the developer in the sale of the Park, securing Life Science REIT as a buyer for the Park at a purchase price of £120m. The team also secured £62m of forward funding from Life Science REIT for the next phases of the Park’s development.

      The development will total 400,000 sq ft once development is complete.

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