Oxford Technology Park filling space with new lease announcement

By Tom Kilkelly

10 August 2023

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Oxford Technology Park

Life science real estate investment trust Life Science REIT has announced that two units at Oxford Technology Park (OTP) are being leased to clinical research and diagnostic solutions company Oxford Gene Technology.

Oxford Gene Technology is renting 10,765 sq. ft of space at the park's Innovation Quarter. This letting takes all completed space at OTP, let or under offer, to 75 per cent.

This letting comes at a pivotal time for Oxford Technology Park's Innovation Quarter, as it reached practical completion this week and also received a BREEAM Excellent certification and an EPC A rating.

The Innovation Quarter itself occupies a total of 69,400 sq ft and is built to accommodate both Wet and Dry labs.

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xford Gene Technology, part of the Sysmex Corporation,was founded in 1995 and has expanded rapidly, outgrowing its current space on the neighbouring Begbroke Science Park. It will pay an annual rent of £220,000 for its 10 year term at Oxford Technology Park.

Ian Harris, Director of Asset Management at Ironstone Asset Management, said: "Oxford Gene Technology is exactly the type of growing, life sciences business that the Innovation Quarter at OTP was designed to attract; the units are smaller, more flexible and more affordable than elsewhere in Oxford but are very close to the academic and research institutions in and around the University. Across OTP the Company is uniquely positioned with a range of high quality, affordable and well-located space, appealing to occupiers across the life sciences spectrum."

By Tom Kilkelly

Tom Kilkelly started working as a freelance journalist for The Business Magazine following his graduation from UCL in 2022.

During his studies Tom became very interested in the works of Irish authors including Samuel Beckett and Flann O'Brien (Brian O'Nolan).

His current role as a freelance business reporter is his first exposure to the world of business journalism. Working at TBM has given Tom the chance to really get to grips with the goings-on in the business hive that is the South East.