Crown jewels: Cambridge Business Park fully let after BDO and 1Spatial deals
The Crown Estate has announced that Cambridge Business Park, one of the city’s leading business and innovation hubs, is again fully let.
The news follows a new 10-year lease being signed with the global accountancy and business advisory firm BDO LLP and securing a 10-year lease renewal with geo-spatial data analysis firm 1Spatial.
Cambridge Business Park, which is owned and operated by The Crown Estate, is home to world leading firms in technology and R & D, helping to secure Cambridge’s reputation as a global centre of innovation.
It is home to a host of occupiers including the BBC, Qualcomm and Mathworks and offers a total of 325,000 sq ft of commercial accommodation across 12 modern buildings, set in landscaped grounds.
Situated in the city’s prestigious northern cluster, the park is adjacent to the A14 and a convenient 10-minute walk of Cambridge North Station.
The Crown Estate has also been actively participating in the North-East Cambridge Area Action Plan (AAP), in partnership with local authorities and other stakeholders from across Cambridgeshire.
The AAP seeks to explore options for transforming the North-East part of the city into a pedestrian and cycle friendly district, creating opportunities for thousands of new jobs and homes.
Hayley Turley, senior asset manager at The Crown Estate, said: “I am delighted to have completed deals with two industry leading organisations at Cambridge Business Park.
“These signings only seek to strengthen Cambridge Business Park’s reputation as a leading destination for business and technology. The Crown Estate’s continued investment into the park is also testament to the huge potential we see in this part of the city and we look forward to continue helping shape the future of the area.”
Will Mooney, partner at Carter Jonas who advised The Crown Estate on the deal with BDO LLP, said: “Cambridge Business Park boasts a host of high-profile tenants with strong covenants, which is indicative of the strength of the Cambridge office market.
“There continues to be high demand for good quality office space and tech-enabled R&D accommodation in Cambridge, as the city continues to benefit from the explosion of the UK’s knowledge economy.”
Carter Jonas and Savills are joint letting agents on the park.