A New Episode For The Crown

The Crown Estate is to breathe new life into Cambridge Business Park as it unveils bold proposals to provide a variety of office and lab spaces alongside new homes and leisure facilities. 

 

This builds on The Crown Estate’s recent partnerships with the Pioneer Group and Oxford Science Enterprise to deliver a new 100,000sq.ft life sciences, technology and innovation space in the heart of Oxford.  

This is part of The Crown Estate’s wider long-term ambition to invest up to £1.5bn in the science, technology, and innovation sectors nationally over the next 15 years.  Cambridge is firmly established as Europe’s largest technology cluster, with more than 60,000 people employed by around 5,300 knowledge intensive businesses in the area. 

Initial proposals for the transformation of Cambridge Business Park will be shared as part of public consultation, due to commence later this month – November 2024.  

 

Get you bids in now

Dan Labbad, CEO at The Crown Estate, says: “The Crown Estate is investing where it can have the most meaningful impact in addressing areas of national need, meeting local challenges and realising opportunities. Our vision for Cambridge Business Park is to create an inclusive and connected place that is industry leading in terms of sustainable and innovative workspace.”

The redevelopment of Cambridge Business Park is still in its infancy, with the new masterplan in very early stages of design and a wider public consultation planned. The site currently comprises 12 buildings across 20 acres, providing in the region of 325,000sq.ft of commercial office space only. The developing masterplan intends to create a thriving and biodiverse innovation-led destination comprising a mix of retail and leisure spaces, a brand-new high street, ‘science on show’ focused lab buildings and office space and homes.

Subject to planning, construction at Cambridge Business Park is anticipated to begin in 2026 through a phased approach, with the new destination open and operational by 2030.

 

Picture: Cambridge Business Park will see he Crown Estate provide funds to build new offices, laboratories and homes. 

Article written by Cathryn Ellis
21st November 2024

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