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23 July, 2021 - 12:40 By Tony Quested

Morgan Stanley buys 101 Cambridge Science Park for £50.1m

Savills, on behalf of a client of LaSalle Investment Management, has completed the sale of 101 Cambridge Science Park to Morgan Stanley for £50.1 million.

The building is currently multi-let to four leading global businesses – Citrix, Grant Thornton, Huawei and Schneider Electric – who have all shown their commitment to the building through recent lease regears.

Savills says the property is designed to a high specification and comprises 79,990 sq ft of Grade A office accommodation arranged over ground and two upper floors. 

The building is ‘Very Good’ BREEAM rated and offers roof PV installation, newly developed secure bike storage, a shower drying room and 13 electric car charging point in addition to a large car park.

James Vivian, director in the Office Investment team at Savills, says: “This was an attractive investment opportunity situated on one of Europe’s most established and successful science parks.

“The life science and tech sub-sectors of the office market have been incredibly resilient over the past year and following a competitive process, which attracted strong demand, we a delighted to complete this sale on behalf of our client for over the guide price.”

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