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Acquisition of Hinshelwood Building to provide additional space at TOSP
Acquisition of Hinshelwood Building to provide additional space at TOSP
23 January 2023
Acquisition of Hinshelwood Building to provide additional space at TOSP
Oxford, UK, January 23 2023 –The Oxford Science Park (TOSP), one of Europe's leading locations for science and technology companies, 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.
--ENDS—
For more information, please contact:
The Oxford Science Park
Emma Palmer Foster, Strategic Communications Consultant
T: +44 (0)7880 787185
emmapf@oxfordsp.com
Notes to editors
About The Oxford Science Park
The Oxford Science Park is majority owned by Magdalen College, Oxford, upholding its research heritage and its strategy to support discovery, innovation and entrepreneurship. Providing an influential science and technology environment, the Park has ambitious plans to create an additional 600,000+ sq. ft. of laboratory and office space over the next 3 years. This additional capacity will support the growth of businesses already based on the Park, providing flexible best-in-class workspace accommodation, and enabling new companies to enjoy the Park’s exceptional environment and collegiate and collaborative ethos.
TOSP is home to 3,350 people and more than 70 businesses. These range from start-ups based in the Magdalen Centre innovation hub to major international companies and include ATD Bio (Biotage), Blue Earth Diagnostics, Evox Therapeutics, Exscientia, Intuitive Surgical, MiroBio (Gilead), MoA Technology, Nucleome Therapeutics, Ochre Bio, OrganOx, Oxford Nanopore Technologies, OXGENE (WuXi) and OxSonics Therapeutics.
The Oxford Science Park is located approximately four miles south-east of Oxford city centre, just off the City’s southern ring road. It has easy access to the M40 and A34, as well as to Heathrow Airport and mainline train services. For further information, please visit: www.oxfordsp.com or follow us on twitter @OxfordSciencePK and LinkedIn
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