Oxford Nanopore sells £42.5m share in headquarters

Published by

Sam Pither

Oxford-based sequencing tech firm Oxford Nanopore has sold a stake in its headquarters, the Gosling Building, for £42.5 million.

Oxford Nanopore are a privately-owned company headquartered at the Oxford Science Park, with satellite offices in Cambridge (UK & US), New York and Shanghai. They were founded in 2005 to develop an electronic single-molecule sensing system based on nanopore science.

Nanopore science uses nano-scale holes embedded in high-tech electronics to perform precise molecular analysis.

The company makes electronics-based DNA/RNA sequencing technology which is used in more than 70 countries. Its equipment has a range of applications, including large scale human genomics, cancer research, microbiology, plant science and environmental research.

Following the sale, Oxford Science Park will immediately grant Oxford Nanopore an occupational lease of the property for 10 years, at a rent of £1.8 million per annum.

Chief Financial Officer Tim Cowper said: "We are pleased to have agreed the sale and leaseback of our headquarters building. The proceeds will be used for continued development of our core business."

Sam Pither

Sam is the Regional Editor of Biz News, responsible for both Hampshire and Dorset. A new recruit to journalism, Sam started writing for the Business Magazine as a freelancer in May of 2022 after completing his degree in English at University College London. His passion for local businesses and ability to tell a story soon caught the attention of the publication’s management team and have led to his meteoric rise. Sam, who lives in central Reading, takes a particular interest in technology, gaming and food and drink, having been a chef before starting his degree.