Success for Turnstone at Pampisford Park


02-09-2004

Turnstone Estates has let the final vacant 14,440 sq ft (1,341 sq m) unit at Pampisford Park, its South Cambridge business and industrial park development, to Sareum Ltd.

The bio-tech company will take unit 2 for office, research and production use on a 10-year lease with a break clause at the end of the third year. The quoting rent was 10 per sq ft (107 per sq m).



Success For Turnstone at Pampisford ParkThe 3.53 acre (1.43ha) Pampisford Park site comprises two self-contained buildings (units 2 and 3) suitable for a wide range of uses, including office, laboratory, research and production. Unit 3 (13,678 sq ft, 1,271 sq m) was recently let to Xention Discovery, a Cambridge-based drug discovery company. Detailed planning consent exists for a further 15,241 sq ft (1,433 sq m) self-contained building (unit 1).



Chris Goldsmith, Managing Director of Turnstone Estates, says: 'The success of Pampisford Park as a high technology and biotechnology cluster continues due to its location just five minutes from the M11 and the flexible design of the accommodation that makes it suitable for a wide variety of uses'.



John Reader, VP Chemistry of Sareum Ltd, comments: 'We are excited about our move to Pampisford Park as we enter the next phase of our development. It's a fantastic location and we have found Turnstone Estates to have an excellent understanding of Sareum's requirements.'

 

Established in 1989, Turnstone is one of the most active and dynamic property companies in the south east of England.

Turnstone Estates Limited