Cranfield University has taken 10,000 sq ft of serviced office space on Cranfield UniversityTechnology Park.
The University is about to commence building a £35 million aerospace research centre and £9 million transport systems teaching and learning resource on campus, after being successful in securing funding through collaborations with Rolls-Royce, Airbus, HEFCE and SEMLEP. Therefore, displacement space is required for a period of up to five years to accommodate the disruption of the scheduled works.
The lettings by St. Modwen, which owns and manages Cranfield University Technology Park (The Tech Park), completes over 36,000 sq ft of deals over the last twelve months taking occupancy to a record high of 95%.
Reflecting the growing economy and demand for office space in the region, the Tech Park attracted a number of major new lettings in 2014 with links to the high-technology business cluster around the university campus, including innovative food freshness firm It’s Fresh! and consultancy Impetus Automotive.
Rupert Wood, Regional Director at St. Modwen said that interest in Cranfield University Technology Park reflected increased business confidence in the region:
“The last twelve months have seen a dramatic increase in demand for offices around Milton Keynes and Bedfordshire, in line with improved economic confidence and businesses’ growth plans.
“This latest lettings to Cranfield University is a great endorsement for the Tech Park as a quality business and learning environment, and we’re looking forward to working with them and our other tenants to build their businesses this year.”
Cranfield University Technology Park is a partnership between Cranfield University and St.Modwen, the UK’s leading regeneration specialist. The Tech Park is home to over 55 science, technology and knowledge based businesses, ranging from start-ups through to internationally renowned brands.
For more information visit www.cranfieldtechnologypark.co.uk