Royal London Asset Management makes moves in Abingdon

Royal London Asset Management is expanding its property footprint at Abingdon Business Park, Oxfordshire.

The company has acquired the 77,000 sq ft Eyston Way industrial scheme and is looking to secure planning permission for the redevelopment of a car park into 24,000 sq ft of innovative mid-tech unit space, estimated for completion by Q3 2025.

It’s also completed the refurbishment of a 54,000 sq ft building and signed an agreement with Oxford Nanopore Technologies.

Abingdon Business Park holds 550,000 sq ft of industrial and innovation real estate, with a mix of R&D, life sciences, tech, engineering and manufacturing tenants.

James Orr, head of industrial and logistics at Royal London Asset Management Property, said: “Our expansion in Abingdon Business Park reinforces our commitment to fostering innovation and growth.

“The refurbishment of a 54,000 sq ft building and the pre-let agreement with Oxford Nanopore Technologies, a leader in DNA sequencing technology, demonstrate our expertise in attracting and accommodating cutting-edge companies.

“This solidifies Abingdon Business Park’s reputation as a premier hub for research and development, benefitting both our business and the broader market.”