Life Science REIT plans to complete a further 262,000 sq ft at Oxford Technology Park after it signed Oxford Ionics.
The Oxford University quantum computing spin-off has taken 4,887 sq ft on the ground floor of Building One at a rent of £28.50 per sq ft for two years, with a break clause at the end of the first year.
Oxford Ionics is planning to move into larger long-term space on the park as it scales up. Last week it announced it had raised £30m in series A funding.
Overall occupancy of completed space at Oxford Technology Park now stands at 73.6%, with the REIT targeting to complete a further 262,000 sq ft of space at OTP during the next 18 months.
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