Oxford’s first new build mid-tech and R&D building launched to market
Date of Article
Jun 23 2023
Commercial sectors

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A market leading Midland’s property company is poised to make its mark in the Oxford Life Science sector, with an EPC A+ BREEAM Outstanding targeted building aimed at the mid-tech and R&D sector. Carter Jonas and Colliers are leasing agents on the scheme.

Already under construction, IM Properties is investing in the 43,573 sq ft building due for completion in Q1 2024. It will offer adaptable hybrid space, boasting a range of features which prioritise sustainability, employee well-being and technology.  

Strategically located just outside the inner ring road, in the heart of Oxford’s main science area, Nova enjoys close proximity to two of Oxford’s most influential science areas: Oxford Science Park and Arc Oxford. 

Nova’s hybrid construction combines a contemporary office-style frontage with flexible internal space, alongside Grade A office space with room to expand. The unit has two level access doors, 10 m clear internal height, and is equipped with showers, lockers and changing facilities.

Rob Hemus, asset director for IM Properties said: “We are excited to establish a strong presence in this dynamic and rapidly growing sector, to elevate our position as a property company investing in and delivering highly sustainable and innovative buildings in the South-East. 

“The large volume of activity from the life sciences sector in Oxford continues to impact the real estate market, but requirements are changing, with many businesses, particularly mid-tech firms, looking for innovative and adaptive hybrid space.

Jon Silversides, head of Carter Jonas’ Oxford commercial agency team adds: “Whilst the majority of Oxford’s current and evolving schemes are focused on the delivery of lab space, Nova will instead offer Oxford’s only volume building suitable for mid tech / R&D occupiers.

“The high-quality building is designed for a diverse and competitive marketplace which relies on attracting top tier talent. To achieve this, Nova delivers a working environment that is built for the future and offers a level of social responsibility which individuals increasingly expect from companies, both in its sustainability and wellbeing credentials.

Set in an attractive, landscaped setting with wildlife garden, externally, it benefits from a secure yard, 51 car parking spaces, 25 per cent of which are electric, with the potential for 100 per cent. The building also benefits from on-site renewables with solar panels on the roof.

Nova, Oxfordshire