Investec Bank plc has announced that Investec Realis has partnered with Wrenbridge to acquire a new development site in Cambridge, to deliver circa 80,000 sq ft of high-quality commercial space.

The current plans for the three-acre site consists of four units of flexible industrial units (which can be combined to create a larger single building depending on occupier requirements) designed to accommodate a range of occupiers, including manufacturing, logistics, R&D, laboratory and office use. 

Harry Gibson, Development Director at Wrenbridge, said: “Cambridge continues to be one of the most attractive markets in the UK for innovation and growing businesses. It’s great to be delivering another deal in partnership with Investec, taking our combined investment to c. £150m. This latest acquisition allows us to bring forward high quality, flexible space capable of supporting a wide range of occupiers in the north Cambridge cluster.”

The project has an estimated gross development value of approximately £50m and is located within the north Cambridge innovation and technology cluster.