Aviva Investors and the Public Sector Pension Investment Board have announced the joint funding of a brand new office building at 20 Station Road, Cambridge.
Aviva Investors and PSP Investments are jointly funding the 65,000-square-foot development, which has been fully pre-let, to a premium flexible workspace provider, through a joint venture.
The building, which is being developed by Brookgate, will offer six stories of high-specification office space, including open desks, private offices, meeting rooms, wellness areas, event space and roof terraces. Construction is expected to be completed in 2023.
20 Station Road adds to the existing portfolio of ground-up and standing assets that Aviva Investors and PSP Investments have acquired in Cambridge, with both firms viewing the city as a particularly attractive market for gaining exposure to high-quality U.K. real estate that caters to businesses, communities and individuals. In November 2019, the partnershipÂ
