ARC EXCHANGES ON SALE OF GLOUCESTER BUSINESS PARK Allowing ARC to step up investment in science and innovation campuses

July 4, 2022

Advanced Research Clusters (ARC), a science, innovation, and technology real estate platform, has today exchanged on the sale of Gloucester Business Park to Straits Real Estate Pte. Ltd, allowing the company to actively focus its portfolio on the growing life sciences and technology sectors.

ARC was launched by Brookfield, a leading global alternative asset manager earlier this year – with a specific focus of bringing organisations together in place-based clusters, creating unique ecosystems that stimulate innovation to accelerate commercial growth for its members, incubating solutions to today and tomorrow’s global challenges from climate change to pandemics.

ARC’s consolidated network of clusters now sits at 1.6 million sq. ft and consists of sites including Harwell Science and Innovation Campus, Oxford Business Park, Uxbridge Business Park and Manbré Wharf in West London.

The company has ambitious plans for further growth across the U.K. and Europe and is in active discussions on several potential new sites. It has five million sq. ft of development potential across the U.K.’s Golden Triangle, three million sq. ft of which is planned for development at the 700-acre Harwell site, while the space available at Oxford will increase by 75 percent, with a 750,000 sq ft expansion introducing new serviced lab space.

ARC’s assets at Gloucester Business Park included over 521,000 sq. ft of built space and 19 acres of future development land. It was considered a non-core strategic asset following Brookfield’s acquisition of the Arlington portfolio in 2021 and was put up for sale in November last year.

ARC was advised by Eastdil Secured and JLL, Straits was advised by ARA Europe, its retained asset manager.

Latest News

BLUEBOOK PROMOTES WHITNEY BOWRIN TO PARTNER

October 28, 2024 - 14:39

Bluebook, the central London office agency, has promoted Whitney Bowrin to partner. With 12 years of experience in the property industry, Whitney specialises in advising landlords on lease advisory an[...]

+ Read More

BLACKSTAR AND NOVARA GLOBAL PARTNERS FORM £100M JOINT VENTURE

October 22, 2024 - 10:47

Blackstar Real Estate, the shopping centre asset management company led by Sabri Marsaoui, has signed an agreement with real estate investor Novara Global Partners, to acquire and manage a £100 milli[...]

+ Read More

CBREIM SIGNS WETHERSPOONS AT FULHAM BROADWAY

October 22, 2024 - 10:44

CBRE Investment Management, advised by GCW, has agreed a lease with JD Wetherspoons for a new public house at Fulham Broadway Shopping Centre in west London. JD Wetherspoons have taken the Grade II li[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR