Europa Capital and Addington Announce two further new Lettings at The Quadrant, Abingdon Science Park, Oxfordshire: over half the space now Re- Let.
Addington, the investment and asset management company and joint venture partners Europa Capital have completed two further lettings at the Quadrant, Abingdon Science Park:
- Tessella is expanding into 2,000 sq ft (1st floor unit 25) of refurbished accomodation whilst re-gearing its existing 10,700 sq ft space ( Unit 22, 26, 27 ). It is taking a ten year lease with a 7 year break.
- Preservica Ltd is re- locating from existing space at the Quadrant and taking 3,500 sq ft of refurbished accommodation over the ground and 1st floor. It is taking a 10 year lease with a 5 year break.
Carter Jonas acted for Addington whilst VSL acted for the tenants on both of these deals.
These deals follow on from the recent announcement that PsiOxus Therapeutics has expanded its operations at the Quadrant, by taking 21,700 sq ft at the Science Park at an undisclosed rent.
Europa and Addington acquired The Quadrant in January 2016, in a joint venture, and Addington has been actively asset managing since – refurbishing the existing R&D and office accommodation internally and upgrading laboratory equipment, heating/cooling systems, lighting, ceilings finishes, floor coverings, electrics and decorative finishes. The scheme totals 75,000 sq ft.
Philip Symonds, partner at Addington said, ” These further lettings mean that now over 50% of the Quadrant has been re-let on new terms. South Oxfordshire has become a recognized science/tech hub over the past 10 years and the fact that we have attracted new tenants, whilst retaining existing ones shows that our asset management policy- to provide the type of space such tenants demand – has paid off.”
Jon Silversides, partner at Carter Jonas said, “We are now seeing a genuine push for accommodation from within the science community both at the Quadrant and across the Science Vale, with these lettings being the tip of the iceberg. We have a significant level of demand in the remaining accommodation and hope to be announcing further lettings shortly.”
” Only two smaller suites below 2,500 sq ft are fully available.”
