The Oxford Science Park, one of the world’s leading powerhouses for science and technology companies, has instructed DTRE as joint agents with Cushman & Wakefield, to advise on and manage the leasing of over 600,000 sq. ft. of office and laboratory space, as well as future developments totalling over 650,000 sq. ft.
With demand for laboratories in the UK fast outpacing supply, TOSP is playing a central role in the UK’s race for specialist space as the country seeks to achieve its ambition of becoming a science superpower.
The newly-completed Iversen Building, which provides 88,000 sq. ft. of genuinely lab-ready space, is the latest addition to the Park. It joins 15 other high-quality properties within TOSP, which are available to bespoke specifications, with adaptable layouts to facilitate the full spectrum of laboratory and office requirements.
The world’s leading academic institution for the last seven years, Oxford University excels in the fields of medical science, biochemistry and computer science. The university is the UK’s most prolific filer of patents and has received the largest share of funding grants in recent years. In recent decade it has seen over 150 life science spinouts including Oxford Nanopore, which is based at the Park.
The Park is also the new Oxford home for the Ellison Institute of Technology, a major international research and development organisation which is seeking to accelerate innovation in medical science and healthcare, food security and sustainable agriculture, clean energy and climate change, and government policy and economics.
Commenting on the announcement, Rory Maw, CEO of The Oxford Science Park, said: “We are delighted to be working with DTRE as the Park enters an exciting phase of development. With the Iversen Building now completed, we have already started work on three major lab-ready buildings totalling 450,000 sq ft for delivery in 2026. This will take total space on the Park to over 1.0 million sq ft. and provide badly-needed space the next generation of life science and technology companies."
Matt Smith, Head of Science and Technology at DTRE, added: “The enormous demand for specialist space in the UK is showing no signs of waning and The Oxford Science Park has been essential to filling the supply void.
"It’s proximity to the Oxford biotech and technology communities is hard to beat but, perhaps more importantly, the array of facilities within the park means it is able to cater for occupiers from conception to commercialisation, making it an ideal home for both early-stage spinouts and multinationals.”
DTRE is an award-winning, independent commercial property adviser specialising in industrials, logistics, science & technology, and offices. The Science and Technology team operating across the Golden Triangle and has been instructed by the likes of BioMed Realty, Mission Street, Kadans Science Partner, Abstract Securities, LS Estates and Oaktree to provide data-driven leasing strategy and development advisory services across four million square foot of research and development .
Wrapping over three decades of blue-chip experience into a more focused, differentiated, data-driven platform, DTRE delivers specialised investment, development, and leasing advice to clients throughout the UK and Europe.
