CBRE advised Bruntwood on the creation of a £1.8 billion science and technology joint venture dedicated to driving science and technology growth in regional cities.
The deal marked the largest science and technology transaction in the European real estate market this year and saw the two partners invest £360m of initial capital, property and intellectual assets into a new company, Bruntwood SciTech. The new business plan supports the creation of 20,000 jobs and will see Bruntwood SciTech’s assets grow from 1.3 million sq ft on day one to over 6.2 million sq ft over the next ten years.
The ground-breaking nature of the deal highlighted the full breadth of our Capital Markets capabilities, providing the client with a seamless integration of Corporate Finance M&A advice together with our unrivalled knowledge of the regional real estate markets. We worked as one team throughout the course of the transaction to deliver an optimal solution, identifying Legal and General as the chosen partner.