The Oxford Science Park has further expanded its capacity to accommodate innovative firms with the acquisition of the Hinshelwood Building. The 31,581 sq ft building is situated at the centre of the Park.
The transaction is part of The Oxford Science Park’s ongoing investment programme, providing the support infrastructure for growing companies as they address global health and environmental challenges. This programme also includes six new R&D buildings, occupying over 600,000 sq ft, to be constructed over the next three years. The first of these is The Iversen Building (86,000 sq ft), Oxford’s first speculative lab-ready building, which is expected to complete this summer.
Rory Maw, CEO of The Oxford Science Park, said ‘The Hinshelwood Building is an important strategic site at the heart of The Oxford Science Park and has been earmarked for some time as one of our priority investments. We are therefore delighted to have completed the acquisition. Taking control of the building enhances our ability to provide a balance of flexible office and laboratory space to our fast-growing base of occupiers as well as new companies moving to the Park.’
Cushman & Wakefield and Bryan Cave Leighton Paisner acted for TOSP.