Europa Capital and Addington entice new anchor tenant to the Quadrant, Abingdon Science Park, Oxfordshire
Addington, the investment and asset management company and joint venture partners Europa Capital have completed the following letting at the Quadrant, Abingdon Science Park:
PsiOxus Therapeutics will expand operations by taking 21,700 sq ft ( Unit 4 -10), over the ground and first floor on a ten year lease with a 5 year break, at an undisclosed rent. PsiOxus is currently based at Milton Park and will use the new facility at the Quadrant alongside their existing R&D base. Carter Jonas acted for Addington and Lambert Smith Hampton acted for the tenant.
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, “ This is a significant letting at the Quadrant and shows that our active asset management of the property has paid off. South Oxfordshire has become a recognized science/tech hub over the past 10 years and it has been important to provide the type of space such tenants now demand. We and our agents are now talking to potential tenants for the remaining space.”
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 this letting 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.”
Kevin Wood of Lambert Smith Hampton said, “ “We are delighted to be able to work with Psioxus to secure this new facility. PsiOxus is a fast growing firm which is strongly linked to the Science Vale and this acquisition is a case study in demonstrating the strength in demand for R&D and laboratory facilities across the South Oxfordshire region.”
Photo available on request.
ENDS
For further information, please contact
Philip Symonds
Addington
Tel; +44 (0)207 042 9256| M: +44 (0) 7919 620 101
Email: Philip@addington.uk.com
Karen Roberts
PR Consultant
Tel; +44 (0) 7917 225383
Email: keroberts@btopenworld.com
