Healthtech firm Arcturis takes space at Oxford Technology Park
Healthcare technology firm Arcturis has signed a new lease with Life Science REIT on space at Oxford Technology Park.
The lease, which covers 5,509 square feet of Building One’s ground floor, was announced by the real estate investment trust with a rent of £28.66 per square foot on a ten year term. The agreement includes a break clause and rent review at the end of the fifth year.
It takes occupancy of completed space at the park to 86.3 per cent, up 7.4 per cent. Life Science REIT is aiming to complete a further 262,000 square feet over the next year and a half.
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Simon Farnsworth, managing director of Life Sciences' investment adviser Ironstone Asset Management, said: "This letting is another great example of the attraction of this important site to the Oxford life science sector.
"The letting further validates the development led approach of the company in creating new high-quality space in this growing market with significant unmet requirements. We are also pleased with the significant levels of occupier demand that we are seeing for the remaining completed and developing life science real estate space at this major property."
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