JV plans new Cambridge science and innovation campus

Developers Mission Street and BentallGreenOak have teamed up to deliver a new science and innovation campus close to Cambridge city centre. The scheme will offer an open innovation campus with landscaping, a café and play area. The move follows the acquisition of a 23-acre site on Coldhams Lane for an undisclosed price. It is the fifth and largest acquisition by the partnership which was formed in January 2021. Upon completion, the joint venture’s development pipeline will grow to more than 1m sq ft of lab and office space across Oxford and Cambridge, in a market that is suffering acute supply shortages. Artem Korolev, founder and chief executive of Mission Street, said: “The site will provide the opportunity to deliver our vision for the next generation of commercial science real estate in the UK, integrating the scheme into Cambridge’s urban fabric with collaboration and sustainability at its heart.” Toby Phelps, managing partner at BentallGreenOak, said: “We continue to have conviction that the science and innovation sector in the UK will be a source of growth and opportunity for strategic, purpose-driven real estate investment. Cambridge is at the epicentre of this dynamic industry and the current severe shortage of specialist space highlights the opportunity we see in the sector.”   To send feedback, e-mail evelina.grecenko@eg.co.uk or tweet @Gre_Eve or @EGPropertyNews View market analytics in Cambridge >>