BROOKFIELD LAUNCHES ARC

Oxford Science And Tech Park

International investment management firm Brookfield has launched ARC (Advanced Research Clusters) Oxford previously known as Oxford Business Park.

With demand for lab space in Oxfordshire reaching almost 860,000 sq ft, ARC Oxford wants to build new science-ready space.

Brookfield, which also manages Harwell Campus, is set to invest more than £1 billion into Oxfordshire by 2030. Plans being considered could see the current 514,000 sq ft Oxford City space double as it brings new laboratories, cleanrooms, offices and R&D facilities to the campus.

Dan Williams, Director of Asset Management at ARC Oxford, said: “Oxford has a thriving innovation ecosystem, however science-ready space is in short supply across the city.

“We’ve been working in partnership with our members to understand their needs, so that we can invest and build flexible research and development space on a speculative or pre-committed basis.”

Hat-trick of deals secured at Abingdon Business Park space The Lambourn

Commercial property investor and developer Mantle Estates, advised by Carter Jonas and Savills, has secured three new tenants, comprising a total of 12,000 sq ft at The Lambourn building on Abingdon Business Park.

Retail fit-out specialist umdasch The Store Makers has agreed a 10-year lease on the 6,600 sq ft of space in ground-floor east wing.

Education provider Navitas UK Holdings