Mission Street, backed by investment firm BGO, has received planning consent to deliver an urban science district in Cambridge.
According to market sources, the gross development value of the scheme is north of £1bn. It comprises seven buildings measuring a combined 1m sq ft.
The campus, designed by Hawkins\Brown, is expected to cater for companies throughout their growth journey – from start-up to large multinational – within a single location. Anchored by a central square, the fully pedestrianised masterplan, which will be open to the public, will deliver workspace for local businesses, fitness infrastructure, food and beverage and community events space.
Artem Korolev, chief executive at Mission Street, said: “Since our first consultation with local stakeholders and the Cherry Hinton community, we have said that this is about breaking down the barriers prevalent with traditional science parks, creating an open and inviting innovation district and putting the science on show. This project embodies the principle that it is entirely possible to blend R&D space for innovators with community amenities that everyone can enjoy.”
