Royal London Asset Management and XLB Property are to develop a 90,411 sq ft R&D scheme at Cambridge Research Park.
The approval was granted for the construction of 11 facilities ranging from 4,700 sq ft to 13,900 sq ft to support tech and scientific occupiers. Each building will be flexible with an option to be transformed into a manufacturing, R&D or engineering suite.
The scheme, designed by PRC Architecture, is targeting a BREEAM Excellent rating, and will feature photovoltaic roof panels and green roofs. The plans also include 30 EV charging points and 300 cycle spaces.
Works on site are scheduled to start in the autumn with completion slated for Q4 2023.
Savills, Bidwells and Cheffins are appointed agents on the scheme.
Savills director Phil Ridoutt said: “The park has been at the forefront of development in Cambridge with the mid-tech product evolving significantly over the past decade to reflect occupiers’ demands through the innovation in design and materials over that period.”
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