Plymouth Science Park has successfully completed its iconic new development at Phase V of its campus, on time and on budget. Known as One Research Way, the dramatic development, has been designed to meet the requirements of ambitious businesses with super-fast broadband, an on-site data centre, 24 hour security and 24/7 access.
The development is a successful collaboration between Plymouth Science Park, Plymouth University and Plymouth City Council with project funding from the Heart of the South West Local Enterprise Partnership. Foot Anstey Lawyers from the Commercial Property, Construction, Banking, Procurement and State Aid teams have supported the development from its inception through the land assembly process, procurement of contractors, funding agreements, construction and lettings in a successful partnership.
As the centre in the South West for the growing Science & Technology sectors, Plymouth Science Park planned its latest development to lead the way in innovation and design. Along with unobstructed south-facing views, the glass and steel structure makes clever use of natural light and features meeting spaces in striking breakout pods, designed to encourage collaborative opportunities and inspire creativity. 30% of the development has already been pre-let to hi-tech businesses including the leading technology business Intelligent Optimisations.
Duncan Tringham, Foot Anstey's Lead Partner for the project, commented "Plymouth Science Park is a fast growing business hub packed with thriving creative, tech and life science businesses. This latest development will be a centre of excellence for e-commerce, digital creative and life science businesses and will reinforce its position as the leading science park in the UK. We are proud to have supported them with this exciting and important project for both the region and the wider region"
Christian Jenkins, Director of Operations for Plymouth Science Park, commented "This is a fantastic building in all respects and any aspirational business should want to be part of this dynamic and exciting community. The success of One Research way has given us the confidence to start planning Phase 6 and it is yet another mark of confidence in the growth and sustainability of Plymouth as the region’s economic heart"
Plymouth Science Park is positioned 5 minutes from the A38 and 10 minutes from Plymouth city centre. Next to Derriford Hospital and Plymouth University Peninsula School of Medicine and Dentistry, the campus offers excellent facilities for science and technology businesses.