Savills, on behalf of a client of LaSalle Investment Management, has completed the sale of 101 Cambridge Science Park, to Morgan Stanley for £50.1 million.
The property is designed to a high specification and comprises 79,990 sq ft (NIA) of Grade A office accommodation arranged over ground and two upper floors. The building is ‘Very Good’ BREEAM rated and offers roof PV installation, newly developed secure bike storage, a shower drying room and 13 electric car charging point in addition to a large car park.
The building is located on one of Europe’s most established and successful science parks and is currently multi let to four leading global businesses, providing a diverse and secure income stream including Citrix, Huawei and Grant Thornton.
James Vivian, Director in the Office Investment team at Savills, says: “This was an attractive investment opportunity situated on one of Europe’s most established and successful science parks. The life science and tech sub-sectors of the office market have been incredibly resilient over the past year and following a competitive process, which attracted strong demand, we a delighted to complete this sale on behalf of our client for over the guide price.”