Letting agreed with innovative healthcare technology company Arcturis
Arcturis Data Limited (“Arcturis”), a healthcare technology company applying advanced analytics and machine learning to generate real-world evidence and novel healthcare insights in both common and rare diseases, has agreed the letting of part of the ground floor of Building One at Oxford Technology Park (“OTP”).
The lease was completed on 5,509 sq. ft. for ten years with a break clause and rent review at the end of the fifth year. With this letting, overall occupancy of the completed space at OTP increases a further 7.4% to 86.3%, with the Company targeting to complete a further 262,000 sq. ft. of space at OTP (Buildings Six – Eleven) during the next 18 months.
Simon Farnsworth, Managing Director of Life Science REIT, said:
“This letting is another great example of the considerable attractions of this important site to the Oxford life science sector. We are pleased to provide Arcturis with the space required to generate insights to support the discovery and development of new medicines and look forward to welcoming them to OTP.
“The letting further validates the development led approach of the Company in creating new high quality space in this growing market with significant unmet requirements. We are also pleased with the significant levels of occupier demand that we are seeing for the remaining completed and developing life science real estate space at this major property.”
Building One is a landmark building for Oxford, combining flexibility for office, laboratory and R&D use with the highest standards of internal finish and a striking contemporary design. Situated on the entrance into OTP, adjacent to Native Antigen’s Headquarters, this prestigious building offers 34,125 sq.ft. of flexible space, available to let in suites from 4,140 sq.ft. Fitted as Grade A office accommodation, the space is enabled for laboratory/R&D uses, with turnkey, fit-out packages available, befitting the Park’s position at the forefront of Oxford’s science based revolution.
To book a viewing of Building One, contact Lauren Bates on Lauren.Bates@hillstreetholdings.com or the Agents: Duncan May, Bidwells on 01865 592632 or email@example.com and Christian Vecchione, Benedicts on 01865 883364 or firstname.lastname@example.org.