The Oxford Science Park announces further expansion and appoints DTRE as agents

The Oxford Science Park (TOSP), a global specialist for science and technology firms, has engaged DTRE alongside Cushman & Wakefield as joint advisors to oversee the leasing of more than 600,000 sq. ft. of office and lab space, in addition to future developments surpassing 650,000 sq. ft.

Amid a soaring demand for lab spaces in the UK, TOSP is at the forefront of meeting the nation's need for specialised spaces, aligning with its ambition to become a leading science superpower.

The Iversen Building is the newest facility at the Park, offering 88,000 sq. ft. of ready-to-use lab space, enhancing TOSP's collection of 15 premium properties. These buildings are designed to meet a wide range of lab and office needs with flexible layouts.

Oxford University, renowned for its dominance in medical science, biochemistry, and computer science, has been the top academic institution globally for seven years. It stands as the UK's top patent applicant and has garnered the highest funding grants in recent years, leading to over 150 life science spinouts, including Oxford Nanopore at TOSP.

Located merely three miles from Oxford University and under an hour from London, TOSP hosts nearly 100 leading research-driven companies, including many that were pivotal in combating COVID-19.

Additionally, the Park welcomes the Ellison Institute of Technology as its new Oxford base, an international R&D entity focused on pioneering advancements in medical science, healthcare, food security, clean energy, climate action, and policy and economics.

Commenting on the announcement, Rory Maw, CEO of The Oxford Science Park, said: “We are delighted to be working with DTRE as the Park enters an exciting phase of development. With the Iversen Building now completed, we have already started work on three major lab-ready buildings totalling 450,000 sq. ft. for delivery in 2026. This will take total space on the Park to over 1.0 million sq. ft. and provide badly-needed space for the next generation of life science and technology companies.”

“The enormous demand for specialist space in the UK is showing no signs of waning and The Oxford Science Park has been essential to filling the supply void,” said Matt Smith, Head of Science & Technology at DTRE. “Its proximity to the Oxford biotech and technology communities is hard to beat but, perhaps more importantly, the array of facilities within the Park means it is able to cater for occupiers from conception to commercialisation, making it an ideal home for both early-stage spinouts and multinationals.”

DTRE is an independent commercial property adviser specialising in industrials, logistics, science & technology, and offices. The Science and Technology team operates across the Golden Triangle and has been instructed by the likes of BioMed Realty, Mission Street, Kadans Science Partner, Abstract Securities, LS Estates and Oaktree to provide data-driven leasing strategy and development advisory services across four million square feet of research and development space.

Wrapping over three decades of blue-chip experience into a more focused, differentiated, data-driven platform, DTRE delivers specialised investment, development, and leasing advice to clients throughout the UK and Europe.