Fund manager Europa Capital and Addington Capital, the investment and asset manager joint venture partner, have completed two further lettings at The Quadrant, Abingdon Science Park.
The Fishawack Group of Companies, a healthcare communications group, is taking 4,700 sq ft (Unit 31) of refurbished accommodation on a ten year lease. In additional, 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 7. 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 last 18 months. The property totals 75,000 sq ft.
Europa and Addington acquired 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”.
Agents on the deal were Carter Jonas for Addington, Doherty Baines for Fishawack Group of Companies and MJA Consulting were unrepresented.
