Oxford Science Enterprises, the Science Business Builder and preferred investment partner of the University of Oxford, has entered into a joint venture with the Lothbury Property Trust to develop high-specification laboratory and office space, for early-stage life-science businesses, in the heart of Oxford city center.
The 30,000-square-foot R&D space is part of a proposed comprehensive £200 million (€238 million/$261 million) redevelopment of the Clarendon Centre. Led by Lothbury, the redevelopment is expected to begin in 2022, pending the requisite approvals. On completion, expected during 2024, the R&D space will provide an environment for fast-growing life-science companies, including those founded by Oxford Science Enterprises. In addition to R&D facilities, plans for the overall 250,000-square-foot site include creating space for student accommodation, offices, retail outlets and restaurants.
In Oxford, demand for laboratory space is about 10 times
