Mission Street, a specialist investor, developer and operator for the science and innovation sector, has topped out its latest project in central Oxford, a mixed-use lab and office scheme.
As part of a joint venture with BentallGreenOak (BGO) that is delivering over 1.2 million ft2 (111,500 m2) of lab and office space in key UK locations, Mission Street is undertaking a major redevelopment of two retail-warehouse units on Botley Road in Oxford’s West End.
Known as Inventa, the scheme will deliver 65,000 ft2 of prime innovation real estate within a 10 minutes-walk of Oxford railway station and city centre amenities.
The topping out ceremony was attended by local stakeholders, partners and advisors, to celebrate the completion of the development’s new structure. The scheme is due for practical completion in Q4 2023.
Artem Korolev, founder and CEO of Mission Street, said: 'Mission Street continues to act as an enabler for the science and technology sectors by building the infrastructure that enables start-ups and scale-ups to grow and commercialise.
'By reaching the latest site milestone at Inventa, we are now a few months away from completing the scheme. We are proud to be delivering a scheme that genuinely provides benefits at a local level, whilst addressing the chronic undersupply of high-quality lab and office space that is much needed in the Oxford ecosystem.’
Inventa is the first commercial sciences scheme to be delivered as part of Oxford’s West End – an area which is set to undergo significant transformation to become Oxford’s prime central innovation district.
In December, Mission Street submitted a planning application for Phase 2, a 183,000 ft2 new-build known as Fabrica, on the site of the DFS and Carpetright.
In addition to the Mission Street developments, there is a further pipeline of over 1,000,000 ft2 of science-led space within the West End area which will follow in the near to medium term. This includes the Oxpens development, which is awaiting a planning decision.
