CAMBRIDGE, United Kingdom– BioMed Realty (“BioMed” or the “Company”), a Blackstone portfolio company, has secured occupiers for 96,000 square feet of space at its flagship Granta Park development in Cambridge. Granta Park is one of the biggest purpose-built and privately-owned life sciences campus in the “Golden Triangle” between Oxford, Cambridge and London.
BioMed has now fully leased all available space at the recently renovated Portway building, which underwent extensive modernization to update its first-generation design to incorporate new flexible layouts and fully fitted Grade A lab and office space.
Bicycle Therapeutics plc, a company pioneering a new and differentiated class of therapeutics based on its proprietary bicyclic peptide technology, has leased 45,000 square feet of space. The company is developing treatments for cancer and other diseases using a new class of therapeutics called “Bicycles,” based on the research of Sir Greg Winter, winner of the Nobel Prize in Chemistry in 2018.
Altos Labs, a new biotechnology company focused on cellular rejuvenation programming to restore cell health and resilience, has leased 51,000 square feet of space to support their work and research.
The Portway building occupies a central position at Granta Park, which is home to over 30 of the world’s largest life sciences companies and research organizations – including Pfizer, Illumina and Cancer Research UK – creating a formidable cluster of collaboration and innovation that employs more than 3,700 people.
The Portway building is the UK’s first life sciences property to target a WELL certification, which is the leading tool for assessing health and wellbeing in buildings. WELL-accredited buildings demonstrate a people-first approach to space and must perform exceptionally across a variety of quantifiable metrics, including air, water, nourishment, light, fitness, comfort and mind.
The development has also received WiredScore Gold certification, signifying best-in-class digital connectivity across the building. As such, occupiers and their employees enjoy access to resilient infrastructure, seamless connectivity, uninterrupted mobile coverage with a choice of multiple providers and future-proofed technology.
The leasing announcements come amid record demand for life sciences space in Cambridge. According to market data tracked by BioMed, heightened activity levels have driven down availability rates for office and lab space in Cambridge – hitting a low of 2.2 percent – potentially locking out promising start-ups and scale-ups.
BioMed owns and operates approximately one million square feet of laboratory and office space across Cambridge and the Company is a world leader in providing real estate solutions to the life science and technology communities, with more than 17 million square feet of space under occupation and development.
