Trinity House on Oxford Business Park bought by global developer

Breakthrough Properties, a leading global developer of life sciences real estate backed by a joint venture of American commercial estate company Tishman Speyer and Bellco Capital, has bought the 1.7-acre Trinity House site in Oxford.

Located at the gateway of the 88-acre Oxford Business Park, Breakthrough will build a Class A office and lab environment within one of the UK’s fastest growing life sciences clusters.

Dan Belldegrun, CEO of Breakthrough Properties, said: “Oxford has long enjoyed the highest calibre academic research and talent driving innovation and discovery. What has been lacking is the life science infrastructure and ecosystems to properly support that growth.

"We are thrilled by this opportunity to deliver a best-in-class, purpose-built research and development centre to support innovators within Oxford’s thriving life sciences cluster.”

Thomas Renn, Breakthrough Properties Vice President, Acquisitions and Development, Europe said, “Trinity House represents a great opportunity for us to move quickly to bring the Breakthrough platform to the Golden Triangle, where there is a significant need for high quality lab provision to meet the growth of the cluster. We are eager to connect with scientific innovators and life science companies who align with our vision for the Oxford ecosystem and would value access to best-in-class research space, the Scientific Advisory Board and the broader Tishman Speyer and Bellco Capital network.”

Tishman Speyer Senior Managing Director, Head of Europe, Bernard Penaud added: “The local life sciences industry has experienced incredible and rapidly-accelerating growth, as evidenced by the record £4.5 billion raised by the UK biotech companies in 2021 alone.  It is vital that the development community keep pace with this growth by producing the types of innovative, high-quality and customer-centric life science environments that Breakthrough will create at Oxford Business Park.”