The Business Magazine May 2024

Kadans continues Oxford expansion with Windrush Innovation Centre purchase

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Kadans Science Partner will add Windrush Innovation Centre in Oxford, to its Pan-European portfolio. The asset will be freehold acquired from Tozi Limited. Kadans intends to demolish the existing building and create over 60,000 sq ft of new high specification laboratory and office space in partnership with the tenant, Oxford Biomedica.

Oxford is a global centre of excellence in life science innovation. The cluster is anchored by the University of Oxford which was recently named the number 1 university in the world (Times World University Ranking 2022).

James Sheppard, Kadens Managing Director (UK & Ireland) said: "We are delighted to continue to be building our portfolio in Oxford. The development at Windrush Innovation Centre will provide much needed, high specification, laboratory space in the Oxford market. We look forward to a continued productive relationship with the tenant, Oxford Biomedica, as they build their position as a quality and innovation-led viral vector CDMO."

Freddie Owen, Partner at Knight Frank, added: "After successfully acquiring Oxford Biomedica’s HQ facility in 2022, this new development located next door will be a great addition to the South Oxford Life Science cluster."

With the acquisition of Windrush Innovation Centre the Kadans portfolio now comprises of over 50 buildings and numerous projects under development in the Netherlands, United Kingdom, Germany, Belgium, France and Spain. Kadans aspires to partner with universities, venture capital firms and innovative organisations to create one strong knowledge-sharing ecosystem of scientific enterprise across Europe.

Kadans was supported in this transaction by Knight Frank and Mills & Reeve acted as legal advisors for Kadans. Cyril Leonard advised the vendor and Cripps acted as legal advisors.

By Nicky Godding

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.