Crown Estate unveils £1.5bn Cambridge Business Park revamp

The positioning presently contains a dozen buildings throughout 20 acres, offering 325,000 sq ft of economic workplace house solely.

The growing masterplan intends a wholesale rebuild to create a science and know-how park together with a mixture of retail and leisure areas and as much as 200 properties.

Plans are nonetheless at very early levels of design with public session deliberate for later this month.

Topic to planning, development at Cambridge Enterprise Park is anticipated to start in 2026 by a phased strategy, with the brand new vacation spot open and operational by 2030.

Led by The Crown Property, the mixed-use regeneration mission price £1.5bn will help the Authorities’s deal with conserving the UK on the forefront of worldwide innovation.

Dan Labbad, CEO at The Crown Property, mentioned: “The Crown Property is investing the place it will possibly have probably the most significant impression in addressing areas of nationwide want, assembly native challenges and realising alternatives.

“Working with authorities and our companions, we intend to contribute to the UK’s science, know-how and innovation sectors’ success on the worldwide stage, performing as a catalyst for innovation and financial development, whereas delivering a group of socially-conscious and environmentally-focused enterprise leaders.”