Kadans Science Partner will expand its Pan-European life sciences portfolio by acquiring the freehold Windrush Innovation Centre in Oxford, UK, from Tozi Limited.
Kadans intends to demolish the existing building and create over 60,000 sq ft of new high specification laboratory and office space in partnership with the tenant, Oxford Biomedica.
Oxford is a global centre of excellence in life science innovation. The cluster is anchored by the University of Oxford which was recently named the number 1 university in the world (Times World University Ranking 2022). The Oxford cluster spans a whole range of life sciences enterprise including drug discovery, diagnostics, medical devices, regenerative medicine and genomics. With world leading academics, researchers and clinicians Oxford continues to be at the forefront of scientific innovation.
James Sheppard, Managing Director (UK & Ireland) said: ‘We are delighted to continue to be building our portfolio in Oxford. The development at Windrush Innovation Centre will provide much needed, high specification, laboratory space in the Oxford market. We look forward to a continued productive relationship with the tenant, Oxford Biomedica, as they build their position as a quality and innovation-led viral vector CDMO.’
Freddie Owen, Partner at Knight Frank commented: ‘Knight Frank are delighted to advise Kadans on another exciting acquisition in Oxford. After successfully acquiring Oxford Biomedica’s HQ facility in 2022, this new development located next door will be a great addition to the South Oxford Life Science cluster’.
Tozi Limited commented ‘In keeping with our approach across our entire portfolio, we have always maintained a productive and open relationship with the tenant Oxford Biomedica, helping to facilitate planning permission for the brand new state of the art R&D campus.’
Oliver Spero of Cyril Leonard ‘on behalf of our clients, we have secured long indexed linked assets which have delivered returns commensurate with their requirements and in this case significant capital growth. Cyril Leonard provided a full service for the clients and will start the process again by seeking to reinvest the proceeds into good quality logistics and build up the portfolio further.’
With the acquisition of Windrush Innovation Centre the Kadans portfolio now comprises of over 50 buildings and numerous projects under development in the Netherlands, United Kingdom, Germany, Belgium, France and Spain.
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