Life Science REIT has let 7,500 sq ft to quantum technology business Infleqtion (ColdQuanta UK) in the Innovation Quarter at Oxford Technology Park (OTP).
The letting was achieved at a record rent for the park, according to Life Science REIT, and is the first deal it has struck for fully fitted space.
The Innovation Quarter provides smaller, more flexible space, suited for emerging life science occupiers for whom a fully fitted option is highly attractive.
Ian Harris, director of asset management at Ironstone Asset Management, Life Science REIT’s investment adviser, said: “Infleqtion is a great addition to OTP where we are successfully building a cluster of AI, quantum computing and technology businesses. This letting demonstrates the appeal of the fully fitted concept and positions us for a roll out elsewhere at the IQ, extending the depth of the offering at OTP, which can now cater to a range of demand from start ups and scale ups, to well established, global science and technology businesses.”
