The arrival of three new tenants at Cranfield Innovation Centre (CIC) in October has pushed occupancy rates to a record high.
The Cranfield Innovation Centre (CIC) at Cranfield University Technology Park is now almost 90% let following the new deals with three growing businesses – audio technology business Decibel Industries, Streams Claims Services and Adoored Limited have all taken up office space at the CIC.
The deals take the number of new lettings, including lettings where existing occupiers have renewed their leases, to 16 this year, which equates to more than 20,000 sq ft.
Christian Andrew at Decibel Industries said that the Tech Park’s facilities and its proximity to key clients was the main factor behind the firm’s move to the Tech Park: “Our client base is centred around the music and motorsport industries within the motorsport triangle of Oxford, Northampton and Milton Keynes, making the CIC’s position ideal for Decibel Industries.
“The Tech Park’s relationship with Cranfield University and its established links to manufacturing are also important for us, as we look to develop new products and expand the business.”
Cranfield University Technology Park, a partnership between Cranfield University and regeneration specialist St. Modwen, is now home to more than 60 science, technology and knowledgebased businesses, ranging from start-ups through to internationally renowned brands.
Rupert Wood, Regional Director at St. Modwen said: “Since the start of the year we have let over 20,000 sq ft of office space at the CIC. All the new lettings have been new businesses coming to the Tech Park or existing businesses wanting to have more space to grow into. This is great news for the Tech Park and also indicates the buoyant occupier market across the region as firms expand, move and gear their business plans for growth.”
For more information, visit www.cranfieldtechnologypark.co.uk