Aviva Investors and Canada’s Public Sector Pension Investment Board (PSP Investments) are co-funding a UK office development in Cambridge, which is said to reflect a flight to “quality assets in areas rich with knowledge capital” among property investors.
The “high-spec” office space includes open desks, wellness areas, and roof terraces covering 65,000 square feet.
Melanie Collett, Aviva’s head of real estate asset management, said: “Demand for office space remains elevated in locations such as Cambridge given its strong location. Not only is the city a significant knowledge hub and a leading centre of research in technology, biotechnology and life sciences, but its world-leading universities means it can offer a wealth of future talent to those industries.”
The development at 20 Station Road adds to an existing portfolio of real estate that Aviva Investors and PSP Investments have bought in Cambridge.
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