Fahy Gurteen will take over the fully fitted laboratories at Building 7300 recently vacated by Horizon, which has moved to the adjacent 17,500 sq ft Building 7100.
“The synergy of working alongside fellow researchers such as Horizon is just one advantage of being at CRP,” says John Hynes, director of Fahy Gurteen. “Being able to step into ready-made, fully-fitted laboratories is another. Adding to that Cambridge’s reputation as an international biotech centre and the prime location makes this an ideal opportunity.”
“We are delighted to welcome Fahy Gurteen to the Park,” says Dominic Moore of landlords Mountgrange Real Estate Opportunity Fund. “Together with Horizon they’ll form the core of a new cluster working in cancer research and add to the Park’s reputation as key centre for cutting edge bio- and hi-tech industries”.
A key attraction for fast growing companies at CRP is the range and flexibility of the accommodation on offer, which greatly facilitates on-site expansion. In addition to leasehold options the landlords are offering pre-let and land sale options on 26 acres of development-ready land.
About Mountgrange Investment Management LLP
Mountgrange Investment Management LLP is a private real estate fund management business specialising in UK commercial property investment, development and asset management. The firm is led by seasoned real estate investment professionals with long established UK market expertise spanning multiple cycles and across various property types.
Mountgrange is the manager of its Fund, Mountgrange Real Estate Opportunity Fund (“MoREOF”), which closed in 2009 with committed capital of circa £300 million drawn from investors around the world including endowments, pension funds, family offices, fund of funds and high net worth individuals. Mountgrange seeks to identify undervalued opportunities across a number of property sectors and to maximise returns by applying its investment and asset management expertise.
To date the Fund has committed approximately £190 million in 11 transactions across the UK including offices, industrial estates, retail and residential, primarily located in the South of England. The Fund has invested in platform businesses in the low cost hotel sector under the Tune brand in London and in mezzanine loans to residential developers in London and the South-East; the Fund has also invested in strategic land for residential and for renewable energy.
For further details about Mountgrange please visit www.mountgrange.com.
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Contact details
Richard Taylor,
Royston Simpson
01279 755 555
07799 035135
richard@roystonsimpson.co.uk