ARC is proud to announce a significant achievement in Oxfordshire's science and technology sector. In 2023, our campuses, ARC Oxford and Harwell Science and Innovation Campus, leased over 230,000 sq. ft of laboratory and office space, representing more than 50% of the county's market uptake. This milestone underscores our commitment to supporting the region's thriving innovation ecosystem. We welcomed over 25 new members last year, expanding our network to over 300 leading science and innovation organisations and national research facilities. Despite broader macroeconomic challenges, the demand for laboratory space remained resilient, reflecting the continued growth and maturation of Oxfordshire's ecosystem. Our campuses played a pivotal role in this development, with notable transactions including a 145,000 sq. ft pre-let to Moderna for their UK base, The Moderna Innovation and Technology Centre (MITC). ARC's dedication to fostering innovation is further evidenced by the diverse range of science organisations relocating to our campuses, including MiroBio Ltd, now part of Gilead Sciences, FluoRok, and OMass Therapeutics. This not only enhances collaboration and breakthroughs in science but also solidifies our campuses as key contributors to Oxford's position as a global centre of excellence in science and technology. Stuart Grant, Chief Executive at ARC, emphasised our focus on delivering flexible lab space and a best-in-class member programme to support and inspire our members in their world-changing science endeavours. With a commitment from Brookfield Asset Management to invest over £1 billion in our Oxfordshire campuses, we are set to double our Oxford City space, attracting additional science and tech organisations and further accelerating innovation. This investment will introduce new laboratories, cleanrooms, offices, and R&D facilities, supporting the future growth of our members and the broader scientific community. ARC's expansion and the addition of state-of-the-art facilities are integral to our mission of enabling groundbreaking science and technology advancements. We look forward to continuing to drive innovation and support the dynamic ecosystem in Oxfordshire. https://lnkd.in/eTvue-bX #innovation #scienceandtechnology #investmentinnovation #labspace #oxford #oxfordshire
Great to have such innovative companies join the ARC network - looking forward to more in 2024!
Congratulations Stuart Grant & ARC | Advanced Research Clusters team on this significant success in 2023. Delighted JLL team has the opportunity to support you & help deliver this success (esp Moderna pre-let). Lots to go for in 2024 ! Paddy Shipp Bridget Partridge Matthew Symons Matt Parry Chris Walters Brad Greenway Dave Barry
Partner, Business Space Agency, Bidwells Oxford
8moThis is a true testament to the quality of accommodation, environment and community on offer at ARC | Advanced Research Clusters.