Kent Science Park
Kent Science Park
Kent Science Park, a key site for the county’s fast growing life science sector, has been sold to new US owners.
Angelo Gordon has bought the Sittingbourne site in a joint venture with Trinity Investment Management, a UK-based property company. The park had been on the market for £95 million along with four other science parks owned by Mars Pension Fund.
Kent Science Park is home to more than 60 companies and more than 1,650 employees. A 20 year masterplan unveiled last year would see 300-400 flats built for workers on the site, new commercial space with the potential to create an additional 4,150 jobs and new facilities for Sittingbourne Football Club, although it is not yet clear whether the new owners will pursue the plan.
Paul Wookey, Chief Executive of Locate in Kent, welcomed the new owners.
“Kent Science Park is one of the jewels in the crown of the Life Science sector in Kent,” he said.
“Life sciences are a valuable and fast growing field and KSP, under site director James Speck and the previous owners, has been subject to a significant investment which has helped us position Kent as a viable alternative to the likes of Oxford and Cambridge for companies looking for high-tech commercial space.
“James retires soon but can look back with pride on what he has achieved at Kent Science Park. We look forward to working with the new owners and helping them attract new companies and new innovators to one of Kent’s premier sites.”
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