A vision realised: the first phase of Oxford University's Development’s Begbroke Science Park

Begbroke Science Park – from cutting-edge research facilities to promoting biodiversity and wellbeing, we’re celebrating the exciting progress of this transformative project.

We’re excited to share the successful completion of the first phase of works at the University of Oxford’s Begbroke campus – a testament to our collaborative efforts and strong partnership across the Group.

The initiative is a fantastic example of how we’re partnering externally and collaborating across divisions to deliver investments that create a positive impact in society whilst delivering strong commercial returns. Begbroke Science Park is being delivered by Oxford University Development (OUD), a joint venture between Oxford University and Legal & General, bringing together the land and opportunities of Oxford University with the investment expertise of Legal & General Capital (LGC) and development management expertise of LGIM Real Assets.

The partnership was formed in 2019 and backed by £4bn of investment capital, with a goal of supporting the University to retain talent in the city, boost the economy and support spin-out and scale-up businesses. With the Begbroke development being overseen and managed by LGIM Real Assets, this achievement marks the initial step of an ambitious 10-year masterplan for the site’s ambitious Innovation District.

Since 2021, L&G has partnered with Oxford University to transform Begbroke Science Park into a vibrant hub for living, working and community building. The first phase of this project has unveiled fabulous research facilities for the university and incoming life science tenant partners, marking a milestone in our joint venture.

Spanning 135,000 sq.ft and doubling the usable internal space currently at the campus, this project features two primary structures: the Academic Building and the Commercial Building. The Academic Building, occupying 54,000 sq.ft, is dedicated to the University’s research. Meanwhile, the Commercial Building, with its 81,000 sq.ft of flexible laboratory space, will be sub-let by the university to life science partners and market tenants. Complementing these facilities is a foot/cycle path to a local village, as well as ample parking for both buildings.

Upon completion, the park will boast exceptional amenities – schools, nurseries, sports and leisure facilities, shops, cafes, and sustainable transport links. With half of the area dedicated to public open spaces, it will be a green sanctuary promoting biodiversity and wellbeing. The university will shortly complete lease arrangements for the development based on an agreed rate and fixed tenure with LGPL.

Originally posted by OUD. Read more about Begbroke Innovation District here.