Investec Realis and Wrenbridge secure £50m Cambridge development site

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wrenbridge cgi

Investec Bank plc (“Investec”), a leading international financial services provider, today announces that Investec Realis has partnered with Wrenbridge to acquire a new development site in Cambridge, marking the fourth site secured by the partnership within the last 12 months and taking the combined value of acquisitions to approximately £150 million.

The three-acre site will be developed to deliver circa 80,000 sq ft of high-quality commercial space. The current plans comprise a series of flexible industrial units designed to accommodate a range of occupiers, including manufacturing, logistics, R&D, laboratory and office uses.

The proposed scheme currently consists of four units, which can also be combined to create a larger single building depending on occupier requirements.

Located within the north Cambridge innovation and technology cluster, the development is intended to address continuing demand for high-quality, flexible space from occupiers in one of the UK’s most established growth markets. The project has an estimated gross development value of approximately £50 million.

This latest acquisition builds on the strong momentum of the Wrenbridge and Investec REALIS partnership, which has secured four development opportunities over the past year as it continues to target high-growth locations with strong occupier demand.

Tom Punch, Investment Director at Investec REALIS, said:

“The strength of Cambridge’s long-term economic and demographic drivers makes it one of the UK’s most attractive investment markets.

We’re pleased to be partnering with Wrenbridge once again on a high-conviction acquisition.”

Harry Gibson, Development Director at Wrenbridge, said:

“Cambridge continues to be one of the most attractive markets in the UK for innovation and growing businesses.

It’s great to be delivering another deal in partnership with Investec, taking our combined investment to c. £150m.

This latest acquisition allows us to bring forward high quality, flexible space capable of supporting a wide range of occupiers in the north Cambridge cluster.”

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