A landmark joint venture has been agreed between Trinity College Cambridge and Tus Park, the Science Park development body of Tsinghua University in Beijing, China. The agreement includes a state of the art Biohub facility of 34,000 sqft – a first for the Cambridge Science Park.
The new Biohub will provide labs and offices for early stage biotech and medtech companies as well as grow-on space for more established businesses.
The Biohub will be complementary to the Bradfield Centre which is for early stage technology companies. The Bradfield Centre recently opened on the Park with the sponsorship of the UK’s Department for Business Enterprise and Industrial Strategy to foster growth and collaboration in the region’s ever-expanding technology cluster. Together the Biohub and the Bradfield Centre will increase the proportion of early stage companies on the Park. The availability of larger units on the Park will facilitate both tech and biotech scale-ups as they grow.
The transaction forms part of Trinity College’s strategy for the Science Park and marks an important phase of renewal investment in the oldest part of the Park.
The Cambridge Science Park investment will be followed in due course by deeper academic collaboration between Trinity College and Tsinghua University.
Trinity College owns the freehold of Cambridge Science Park. The Park extends to some 150 acres, has circa 1.7 million sqft of high technology and laboratory buildings, is home to some 85 companies and provides the workplace for 6,500 people.
Tus Park, through TUS Science and Technology (TUS S&T), is the largest owner and operator of Science Parks and incubation facilities in China. TUS S&T specialises in helping local technology companies expand their business in China.
JLL acted for Tus Park and Bidwells acted for Trinity College.