Mission Street and BentallGreenOak (BGO) intend to deliver a world-class science and innovation campus east of Cambridge city centre following the acquisition of a 23-acre site on Coldham’s Lane.
The scheme will be the fifth and largest development brought forward by the specialist science and innovation development joint venture partnership, which was formed in January 2021 and has a development pipeline of more than 1m sq ft of lab and office space in key strategic UK locations.
Artem Korolev, founder and CEO of Mission Street, said: “This new acquisition provides the potential to deliver the most centrally located science and innovation district in Cambridge. The site will provide the opportunity to deliver our vision for the next generation of commercial science real estate in the UK: integrating the scheme into Cambridge’s urban fabric, with collaboration and sustainability at its heart. We look forward to working with the stakeholders and local community as we work through our plans.”
Toby Phelps, managing partner at BGO, added: “We continue to have conviction that the science and innovation sector in the UK will be a source of growth and opportunity for strategic, purpose-driven real estate investment. Cambridge is at the epicentre of this dynamic industry and the current severe shortage of specialist space highlights the opportunity we see in the sector. We are looking forward to working with our partner, Mission Street, and the broader Cambridge business and governmental community to bring this exciting project to fruition.”
