CBRE announce double deal at Cambridge research park
Leading global property advisor CB Richard Ellis has assigned the leasehold interest of two properties within Cambridge Research Park to 3 Way Networks Limited, developers of 3G infrastructure equipment.
CBRE has allocated the two properties which total 9,518 sq ft of office space and the entire first floor of the building known as Evolution 7100 within the Cambridge City business park. 3 Way Networks has agreed a rent of £16.75psf for each property on the basis of 5 year lease with a five and three month rent free period.
There are now only two units left remaining on the ground floor of 4,507 sq. ft and 4,482 sq. ft. The development was originally established in the mid 1980's and comprising five prominent buildings totalling over 9,290 sq m (100,00 sq ft). The Crown Estate commissioned development of the remaining 5.66 hectares (14 acres) of the site for high quality offices/ R&D space in 1999 & the completed development now totals 316,000 sq ft.