Cambridge Biomedical Campus
Client Challenges
Cambridge Biomedical Campus is home to the world renowned Addenbrooke's Hospital, Cambridge University's School of Clinical Medicine, Cancer Research UK and other research institutes. Following a tender process, Cambridge Medipark Ltd (CML - a JV between Countryside plc and Liberty Property Trust) were appointed to develop and market the property to R&D businesses and research occupiers.
CML wanted to ensure the project was marketed effectively to attract high quality research institutions and businesses in order to recover their investment in securing planning and in introducing infrastructure.
Our Solutions
We advised CML that in order to maximise the potential for the development it was essential to work with the research base to promote the project to R&D businesses. Our experience is that this “inside-out” marketing is essential for R&D property projects in order to cover all the potential demand for the project and even to create demand that might not otherwise exist. We worked to identify key champions who could ensure the location provided maximum added value to businesses wishing to locate there.
Results
Development is taking place at a considerable pace with a higher rate of property development than the leading UK science parks already achieved. With Addenbrooke’s hospital continuing to invest in new facilities, the client has been able to maintain development momentum despite the economic downturn.