Abingdon: Science Park secures two new companies
The Fishawack Group of Companies, a healthcare communications group, is taking 4,700 sq ft (Unit 31) of refurbished accommodation on a 10-year lease.
In addition, MJA Consulting, a civil and structural engineering specialist, is taking 9,000 sq ft (Units 23, 24 and grd 25) on a 10-year lease with a break clause in year seven. Both units have already been refurbished.
These deals follow on from recent lettings at The Quadrant to PsiOxus Therapeutics, Tessella, and Preservica for a total of 38,000 sq ft in the past 18 months. The property totals 75,000 sq ft.
Europa and Addington bought The Quadrant in January 2016 as part of a broader active asset management portfolio.
Philip Symonds, partner at Addington Capital said: "A total of 70% of the Quadrant has been refurbished and re-let on new terms in last two years, bringing current occupancy to 82%. South Oxfordshire remains a key national science/tech hub and we are delighted our refurbishment program and estate improvements have enabled us to take advantage of the inherent demand in the region."
Carter Jonas acted for Addington, Doherty Baines for Fishawack Group of Companies and MJA Consulting was unrepresented.
Source: CoStar
