Tishman Speyer JV acquires site for U.K. life sciences development

Breakthrough Properties, a global developer of life sciences real estate backed by a joint venture of Tishman Speyer and Bellco Capital, has acquired the 1.7-acre Trinity House site in Oxford, England.

Located at the gateway of the 88-acre Oxford Business Park, Trinity House presents Breakthrough with a unique opportunity to create a purpose-built, class A office and lab environment within one of the United Kingdom’s fastest growing life sciences clusters. Anchored by Oxford University, which is consistently ranked among the top collegiate institutions in the world, the Oxford research cluster is one of the leading markets in biomedical and life sciences development.

“The local life sciences industry has experienced incredible and rapidly accelerating growth, as evidenced by the record £4.5 billion [€5.4 billion/$6.1 billion] raised by the U.K. biotech companies in 2021 alone,” said Bernard Penaud, Tishman Speyer senior managing director, head of Europe. “It