Oxford Gene Technology (OGT), a leading provider of clinical research and diagnostic solutions has agreed the letting of 10,765 sq. ft. across two units in the Innovation Quarter at Oxford Technology Park (OTP).
The Innovation Quarter is a differentiated offering within the wider campus targeting emerging life science businesses with smaller, more flexible space which can accommodate both wet and dry labs. Covering 69,400 sq ft, it reached practical completion at the beginning of August and has achieved a BREEAM Excellent certification and an EPC A rating.
OGT was founded in 1995 and has expanded rapidly, outgrowing its current space on the neighbouring Begbroke Science Park. The space will be hybrid office and laboratory space and is let in shell condition for the occupier to fit out.
Adrian Smith, Chief Executive Officer, OGT said: “We are looking forward to moving into our state-of-the-art facility in the heart of the Oxford technology hub. OGT continues to perform well with sustained growth and this investment will help accelerate our next phase of product development in the life science space.”
Ian Harris, Director of Asset Management, Life Science REIT said: “OGT is exactly the type of growing, life sciences business that the Innovation Quarter at OTP was designed to attract; the units are smaller, more flexible and more affordable than elsewhere in Oxford but are very close to the academic and research institutions in and around the University. Across OTP the Company is uniquely positioned with a range of high quality, affordable and well-located space, appealing to occupiers across the life sciences spectrum.”
OTP has the unique benefit of being at the commercial centre of innovative activity with London Oxford Airport, Begbroke and the high-tech/life-science hubs of Oxford all in close proximity. An amenity-rich environment is on the park’s doorstep, with a large gym, shops, restaurants and character pubs. Other amenities will also reside within the Innovation Quarter, creating a community hub of innovation at the heart, with access to communal spaces where collaboration can be cultivated along with facilities including a large meeting space, an on-site café and gym.