Morgan Stanley has bought 101 Cambridge Science Park in Cambridge, England, from LaSalle Investment Management for £50 million (€58 million/$69 million).
The property comprises 79,990 square feet of multitenant class A office accommodation arranged over ground and two upper floors.
The building is located in one of Europe's most established and successful science parks and is currently leased to four leading global businesses, providing a diverse and secure income stream including Citrix, Huawei and Grant Thornton.
James Vivian, director in the office investment team at Savills, said, “This was an attractive investment opportunity situated on one of Europe's most established and successful science parks. The life science and tech subsectors of the office market have been incredibly resilient over the past year, and following a competitive process, which attracted strong demand, we are delighted to complete this sale on behalf of our client for over the guid
