Howard Group's investment in Sawston Trade Park and Iconix Park presents an opportunity to harness the exceptional demand for office, R&D and laboratory space in the south Cambridge biomedical cluster.
SectorProviding office, R&D and industrial accommodation
AcquiredSawston Trade Park: 2011 Iconix Park: 2014
ValueProjected end value c £60m
Sawston Trade Park was acquired by Howard Group in 2009 as part of the commitment to investing in and around the city of Cambridge. It currently houses some 15 occupiers in 18 buildings comprising c 90,000 sq ft.
The adjacent Iconic Park was acquired in 2013 along with the development land between the two estates. Iconix Park consists of buildings 1, 2 and 3 which have been comprehensively refurbished and are now fully let to occupiers including:
· Transforming Pathology Partnership
· AQ Dot
Iconix Park and the adjacent land were identified as an opportunity to create an asset of sufficient scale to enable a large scale redevelopment and master-planning process.
Demand for good quality premises on the southern fringe of the city has hit record levels in recent years, whilst supply has dwindled. Sawston's position just four miles south of the Cambridge Biomedical Campus and close to other leading research facilities offers a superb opportunity for Howard Group to address this demand.
Pre-application planning discussions are currently under way with a view to preparing a holistic master plan for the wholesale redevelopment of the group’s Sawston assets over the next decade. This will include the comprehensive repurposing of the 40,000 sq ft “Unit 9” building to provide high quality shared R&D/lab space as well as the construction of up to 180,00 sq ft of new, high quality business space in a top quality, landscaped environment.
Significant emphasis will be placed upon enabling interaction between occupiers, cycling infrastructure and ensuring that development meets best in class standards of design and sustainability.
Sawston Trade Park fronts London Road and is situated within a quarter of a mile of the A505 which links to junction 10 of the M11. Cambridge lies only five miles to the north.
Iconix Park is located seven miles south of Cambridge in the heart of the Cambridge Cluster.