The Oxford Science Park poised for further expansion
The Oxford Science Park (TOSP) is poised to provide home for yet more innovative companies as the UK continues its bid to become a science superpower.
The venue, one of Europe’s leading locations for research-led science and technology companies, already houses nearly 100 companies and has appointed DTRE as joint agents with Cushman & Wakefield to manage the leasing of over 600,000 sq ft of office and lab space, as well as future development totalling over 650,000 sq ft.
READ MORE: Three new life sciences buildings approved for Oxford Science Park
"We are delighted to be working with DTRE as the Park enters an exciting phase of development," said Rory Maw, CEO of The Oxford Science Park.
"With the Iversen Building now completed, we have already started work on three major lab-ready buildings totalling 450,000 sq ft for delivery in 2026. This will take total space on the park to over 1.0 million sq ft. and provide badly-needed space the next generation of life science and technology companies," he added.
The park sits just three miles south-east of the city centre and is majority-owned by Magdalen College, Oxford.
The university is the UK’s most prolific filer of patents and has received the largest share of funding grants in recent years. In the last decade, it has seen over 150 life science spinouts, including Oxford Nanopore, which is based at the park.
The park is also the new Oxford home for the Ellison Institute of Technology, which is aiming to accelerate innovation in medical science, food security, sustainable agriculture, clean energy, climate change, and government policy.
Matt Smith, head of science and technology at commercial property adviser DTRE, said: "The enormous demand for specialist space in the UK is showing no signs of waning and The Oxford Science Park has been essential to filling the supply void.
"It’s proximity to the Oxford biotech and technology communities is hard to beat but, perhaps more importantly, the array of facilities within the park means it is able to cater for occupiers from conception to commercialisation, making it an ideal home for both early-stage spinouts and multinationals."
