Railpen has acquired a life sciences asset in Oxford for £29 million ($34 million) from AEW.
Eastpoint Business Park comprises five buildings with a net internal area of 74,823 square feet. The property is positioned in a prime location 2 miles southeast of Oxford city center and is also close to Oxford Business Park and Oxford Science Park.
The acquisition of Eastpoint Business Park marks Railpen’s first entry into the Oxford market.
Railpen said it will reposition the property to create a flagship laboratory-led asset that will help meet the significant demand from occupiers for such space in the city while also delivering strong returns for Railpen’s members.
“We have been actively pursuing investment into the life sciences sector in Oxford, a global geographic leader in scientific research, and were able to move quickly once the right asset became available,” said Alastair Dawson, senior asset manager at Railpen. “Eastpoint met all our crit
