Kadans expands Oxford footprint with new acquisition at Abingdon Science Park
Kadans Science Partner continues to expand its pan-european portfolio with a recent addition to its existing science cluster in Abingdon Science Park. The asset at Grange Court, which was acquired from a private investor, sits close to Kadans’ existing spaces across the Science Park. As part of the acquisition Kadans will be repositioning the asset to provide circa 20,000 sq ft of new, high-quality laboratory and office accommodation ready for occupation in Q3 2023. Kadans will also be rebranding the building to be known as Sovereign House.
Abingdon Science Park is one of the leading locations in Oxfordshire for science and technology innovation offering accommodation for companies at all stages of their development. Kadans is developing new laboratory and office spaces in the park to support the needs of growing businesses in Oxfordshire. Alongside Sovereign House, Kadans will deliver Barton House in 2023 a new purpose-built building housing laboratory and office accommodation. Abingdon Science Park is now 100% occupied and Kadans’ new developments at Barton House & Sovereign House offers much-needed support to this growing tenant demand.
James Sheppard Managing Director (UK & Ireland) said: ‘We are delighted to continue expanding our footprint at Abingdon Science Park. Oxfordshire is a key location for science and technology development. By bringing more purpose-built accommodation forward we can continue to create and nurture a flourishing ecosystem. The addition of this building allows us to better deliver the Kadans ecosystem and real estate proposition into one of Europe’s leading life science markets.’
Rob Beatson, Partner, Bidwells LLP, added:"‘It was great to have been able to support in the sale of this building on the Abingdon Science Park. The Abingdon Science Park has an exciting and fast-growing Science & Tech cluster developing and we look forward to supporting Kadans in the future growth and development of this important ecosystem and in the delivery of much needed Laboratory space into the Oxfordshire market."
Kadans was supported in this transaction by Mills & Reeve acting as legal advisors for Kadans.