418 CSP, Takeda
Projects

Unit 418 and 436, Cambridge Science Park

Client
Cambridge College
Price
45.1m
Net yield
4.49%

A market-defining deal to sell two laboratory and office buildings on the world-renowned Cambridge Science Park, on behalf of a Cambridge College to Brockton Everlast, for £45.1m. The two self-contained prime office and laboratory buildings total 74,800 sq ft and are let to internationally prominent life science companies Astex and Takeda, both with an unexpired lease term of 10.5 years, with an annual income of circa £1.28m.

The deal underlines the current strength of demand for life sciences and research assets in the UK.

The properties, available together, received fierce bidding from the biggest life sciences real estate investors around the world, as well as UK institutional funds, some as potential new entrants to the Life Science market.

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Saul Western

Partner, Head of Commercial

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Lucy Young

Partner, Capital Markets

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Acquisition and Disposal

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Investing in Science and Technology

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