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 is aiming to develop new science-ready space.

Brookfield, which also manages Harwell Campus, is set to invest more than £1 billion into Oxfordshire by later this decade. Plans being considered could see the current 514,000 sq ft Oxford City space double in size 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.”