Science the Driver for Growth at Oxford Business Park
Oxford BioDynamics Plc, one of the largest spin-out companies from Oxford University has expanded further within the Oxford Business Park at Garsington Road, Cowley.
The business which already occupies 3,700 sq ft has taken a new 5-year lease on a further 1,500 sq ft on the first floor of The Quorum in order to expand its state-of-the-art Reference Laboratory as well as Quality Control and Quality Assurance facilities at the Park.
Oxford BioDynamics Plc is an existing customer of Oxford Business Park and has taken additional space to expand its state-of-the-art Reference Laboratory as well as Quality Control and Quality Assurance facilities.
Oxford BioDynamics Plc is a biotechnology company focused on the discovery and development of epigenetic biomarkers for use within the pharmaceutical and biotechnology industry. The company’s award-winning, proprietary technology platform, EpiSwitch™, aims to accelerate the drug discovery and development process, improve the success rate of therapeutic product development and take advantage of the increasing importance of personalised medicine.
Paul Stockdale, CFO of Oxford BioDynamics explains: “We are extremely pleased to be able to expand our laboratory at the Oxford Business Park. Arlington have been very helpful and flexible in arranging things for us, which has allowed us to develop much needed additional space without needing to shut down our operations for a move to a new building. We like being here, and our expanded facilities mean we should now be able to stay for years to come."
Dan Williams, Development Director at Arlington said: “It is an exciting time for science of innovation in Oxford and we are delighted to help Oxford BioDynamics Plc with their latest phase of growth, we wish them all the success going forward.”
This letting follows on from the relocation of Nielsen to Oxford Business Park in March 2018. Nielsen, an S&P 500 company, which has operations in over 100 countries has relocated some 400 employees from Headington to a new modern and contemporary facility, Nielsen House on John Smith Drive at the Park.
The stylish new home incorporates a broadcast room, ‘tech café’, garden restaurant with terrace, a business lounge, electric car charging stations and cycle parking, as well as a mix of collaborative and creative working spaces.
Oxford Business Park was sold by Goodman Group to TPG Real Estate in August 2017. As part of the transaction a team of Goodman employees have transferred to the new company, known as ‘Arlington’, to manage the UK portfolio which includes Oxford Business Park. Since then five companies from a range of sectors, including Oxford BioDynamics Plc and Nielsen, have taken residence at the Park, which continues to be the principal business location for Oxford.
The diverse range of companies that have taken office space at the Park include:
-Spybiotech Ltd which is creating life-saving vaccines against major health challenges has taken 3,700 sq ft
-Woodford Investment Management has further expanded at the Park taking 13,000 sq ft
-Education specialists Pamoja has taken 6,000 sq ft
-Property consultants and estate agents Cluttons has taken 1,800 sq ft
The deals, which achieved between £25 - £27 per sq ft, were arranged by commercial property specialists VSL & Partners and joint agents Strutt & Parker acting for landlords Arlington.
Richard Venables, director of commercial property agents VSL & Partners said: “It’s been an exciting time at Oxford Business Park following considerable investment and major refurbishment at the Park. We are delighted to secure more successful Oxford University spin-out companies making long term commitments to Oxford Business Park.”
Building 4630 Kingsgate, Cascade Way on the Park is now available for occupation providing 7,762 sq ft of extensively refurbished high quality self-contained offices. Work is soon to start on a complete refurbishment of Building 5525 Oxford Business Park, which will provide 25,000 sq ft of high quality laboratory accommodation.
Oxford Business Park comprises 88 acres of office amenity and associated development land and is home to 69 companies and 5,500 people. For further information, visit www.oxfordbusinesspark.com or contact letting agents VSL & Partners www.vslandp.com or Lambert Smith Hampton www.lsh.co.uk
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