Brookfield Asset Management, through its Strategic Real Estate Partners III (BSREP III) Fund, has acquired a 50 percent stake in Harwell Campus, as private shareholder partner of the Harwell Science and Innovation Campus Limited Partnership, the public/private joint venture that manages and develops Harwell Science and Innovation Campus.
Brookfield has acquired the stake formerly owned by U and I Group PLC (U+I) and Harwell Oxford Partners.
The acquisition comes at a critical time for the U.K. economy and property market, with many deals being put on hold due to the coronavirus crisis. This is Brookfield’s first step into the United Kingdom’s knowledge economy, which will accelerate the expansion of Harwell’s unique real estate portfolio, comprising flexible hybrid offices, laboratories and advanced manufacturing facilities, ultimately fast tracking the delivery of a 5 million-square-foot masterplan and consolidating Harwell as the fastest growing site dedicated
