An office building offering some 60,000 square feet of space in the historic city of Cambridge has been completed by developer Morgan Sindall and officially handed over to its owner.
The site has been called Botanic House and was build on behalf of Pace Investments Ltd, with the law firm Mills and Reeve having signed up to occupy a portion of the available offices. Morgan Sindall describes the seven-storey tower as the first speculatively developed office building of its kind in Cambridge in almost two decades.
“To remain competitive, Cambridge needs to continue to update its commercial infrastructure and whilst new business parks have been developed around the region, Botanic House sets a new standard for the city centre office core,” said Bob Ensch, director of Morgan Sindall at its Cambridge office base.
“It’s a mark of Pace’s vision and confidence in Cambridge that they chose to press ahead with this scheme in what remains a challenging market,” he added.
Speaking on behalf of Pace Investments, its director Johnny Vincent asserted that Cambridge “attracts all the major players” but remains in need of new high quality office space that is available for rent. He added that the development of Botanic House marks only the start of a broader mixed-use scheme focussed on the same site.
Cambridge is of course home to what is regularly rated and widely regarded as one of the very best universities anywhere in the UK or the world. It is also less than an hour by train to central London from Cambridge, which has helped it establish itself as a hub of technological innovation and start-up business development.