Cambridge, England--Stem cell research is the buzz in the Cambridge science park community. In December 2008 commercial property consultancy Lambert Smith Hampton (LSH) let 20,000 sq ft in the UCB building at Granta Park to Pfizer to enable them to establish a regenerative medicine facility.
The trend is for incubator suites to be offered on a fully serviced inclusive rent basis, examples of these premises are St Johns Innovation Centre and Babraham Research Park where a tenant can take space within a multi-let facility from a few hundred sq ft.
However, LSH has recently witnessed a trend towards larger space requirements on a similar fully serviced basis with the tenant paying an all inclusive rent. This enables tenants to take control of their outgoings without running into the added complexities and time associated with running their own property.
The UCB building at Granta Park has developed this model, and is offering fully serviced suites from 4,500 sq ft on an inclusive rent basis, support and services will range from refreshments in the café, a managed reception / goods and autoclave facility to suit individual requirements.
This scheme is unique for this size of space, but familiar to the sector where importantly it allows a tenant to devote their time and budget to research rather than facility management.
Pfizer has adopted this model and Lambert Smith Hampton (LSH) hope the UCB building could inspire further development / national research.
For further information, contact Andrew Gordon of Lambert Smith Hampton’s Cambridge office on 01223 276336.
Lambert Smith Hampton (LSH)
LSH is a leading commercial property consultancy with an unrivalled national network focused on the UK and Ireland property markets. Its expert teams deliver a full spectrum of transactional and consultancy services and business-driven solutions for clients. LSH is the ‘UK’s most active national agent’ and ‘Top National Office and Industrial Agent’ (Estates Gazette’s ‘EGi Deals Competition’)
6 Wellbrook Court
Girton Road
Cambridge
CB3 0NA
UK
Tel: + 44 (0) 122 327 6336
Fax: + 44 (0) 122 327 6226
http://www.lsh.co.uk
Lambert Smith Hampton’s (LSH) Cambridge office is a commercial property consultancy providing property services and advice in Cambridge, the surrounding area and nationally. With LSH you have the added advantage of each office being backed by the strength of a national office network. For you this means 10 key divisions and over 850 professional staff working together to address the commercial property difficulties you may face, anywhere in the UK.
Lambert Smith Hampton is a member of the Elite Cambridge Business Circle.
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