Real estate team advises Royal London on Oxford Business Park deal

Our Real Estate team has advised The Royal London Mutual Insurance Society Limited (RLMIS) on the acquisition of building 2600 on Oxford Business Park from Mayfair Capital for a price in excess of £60 million.

2600 Oxford Business Park comprises an 82,258 sq ft HQ office benefiting from impressive ESG credentials, which was originally developed for Centrica in 2013. The park is home to many leading science and innovation businesses, meaning this deal will allow RLMIS to grow its share within the Life Science and Bio-technology sector.

The Gowling WLG team advising RLMIS on this deal was led by partner and Royal London relationship lead Felicity Lindsay. Felicity was supported by consultant Tim Steele, principal associate Rita Vartoukian and associate Clare Simmonds.

Felicity commented on the transaction: "We're delighted to have assisted Royal London on this deal, as it takes another step towards growing its share in this highly competitive market. There is currently unprecedented occupational demand for Life Science space in Oxford; this coupled with a shortage of high-quality office supply means this investment will allow Royal London the opportunity to capitalise on future occupier demand. I'm pleased our team was able to use its extensive knowledge of the sector in helping this deal come to fruition."