GIC enters strategic partnership with Magdalen College

U.K.-based Magdalen College has formed a strategic partnership with an affiliate of GIC for the future development of The Oxford Science Park (TOSP).

The new joint venture will enable the rapid development of the Park, providing high-quality laboratory and office space for which strong demand exists from both new and existing occupiers.

TOSP is a major part of Magdalen’s endowment, and the partnership will provide financial resources directly to the college, helping it to meet its core charitable aims of furthering advanced study and research.

“Magdalen has spent the last year of pandemic disruption developing a clear strategic direction for the next decade and beyond,” said Magdalen president Dinah Rose, QC. “This partnership gives us a once-in-a-generation opportunity to safeguard the college’s future as a strong and inclusive community of outstanding scholarship, teaching, and research combined with the very highest quality of support, to enable the