22,681 sq ft lab conversion opportunity on Cambridge Business Park launched to occupier market
Date of Article
Feb 15 2023
Commercial sectors

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Laurence Gercke
Associate Partner, Commercial Valuations
01223 346593 Email me About Laurence
Laurence is an RICS Registered Valuer based in Cambridge with over 11 years' experience specialising in the valuation of a wide range of asset types with a broad client base which includes all major lenders, government agencies, pension trustees and private investors and developers.

A prominent building on Cambridge Business Park, set to undergo a comprehensive refurbishment to provide flexible laboratory and office space split equally over two floors, has been launched to the occupier market by Carter Jonas and Savills with specialist consultants Creative Places advising. 

Comprising 22,681 sq ft (2,107 sq m), Matrix House is a self-contained building just off Milton Road with dedicated parking. The building is currently vacant and available for commencement of works. The property will benefit from a complete renovation, with interior upgrades including new flooring, ceiling, lighting, and dedicated breakout spaces in the office areas. Laboratory accommodation will be refurbished to a high specification, with suitable flooring, ventilation, lighting and amenities to meet the requirements of specialist occupiers from the life sciences and tech sectors. 

Laurence Gercke, Associate Partner, Commercial, Carter Jonas Cambridge, said: 

“Matrix House comes to the market at an ideal time for occupiers. With a commitment to invest in its substantial refurbishment, the revamped Matrix House will help address the supply and demand imbalance of space in the region. 

“Cambridge office and laboratory accommodation is in such high demand that many businesses are struggling to find the right solution. The key benefit to this space is that, whilst all the foundations are in place, at this stage, occupiers have an opportunity to input into the design to create a bespoke, modern environment to support their growth at Cambridge Business Park, one of the region’s premier business locations.” 

Cambridge Business Park comprises 12 modern office/technology buildings amounting to 325,000 sq ft. It has unrestricted business use and is home to more than 17 occupiers, including Redgate, Price Bailey, 1Spatial, the BBC and Qualcomm. The Park is in the popular Northern Cambridge Cluster. It borders the A14 and is adjacent to Cambridge north railway station providing direct services to London Kings Cross and Liverpool Street.