28 replies to this topic

[Pliigi]

Jagex have leased 220 Cambridge Science Park.

The property, let to Jagex by Invista Real Estate Investment Management, which was advised by Savills Estate Agents, is a three-floor, 43,774 square foot building.

The lease is for 15 years at £22.50 per square foot.

Renovation



The space was "home to Napp Pharmaceuticals prior to their recent expansion into new purpose built premises elsewhere on the Park," which resulted in a renovation.

The refurbishment, which had been completed by October 2010, included "mechanical alterations and reinstatements," "carpeting and associated decorations," and a "complete refurbishment of toilet facilities." As well as a "new reception desk and feature wall," "renovated air conditioning," raised floors, suspended ceilings and LG3 lighting.

Amenities



Some of the amenities include access to the The Trinity Centre, which includes "a restaurant, full conference facilities, a bar [and] a gym," as well as access to "175 allocated car parking spaces," "lakeside landscaping," and "on site childcare nursery."

New Headquarters?



The property was marketed as "a striking building which would make an excellent Headquarters office building for a wide range of R&D based companies" and which would "ideally suit an occupier looking for a Head Quarters building at the centre of the Cambridge Science Park."

According to Savills, "this move is part of the consolidation of [Jagex's] existing offices at Cambridge Science Park and St John’s Innovation Centre."

140 Cambridge Science Park



140 Cambridge Science Park is currently leased to Jagex at £20 per square foot, until 2024.

The 26,238 square foot building is owned by Quintain Estates and Development, which "spent £47.8m buying up units on the park last year" and which "paid £5.5m for the property in 2006."

Cambridge-based Wrenbridge Land Limited, a commercial property company, is "considering a bid" for the space and "Legal & General is also understood to have expressed an interest in the building."

The property "has a price tag of £6.1m, which reflects a yield of 8.1%," and a "preferred party [was] expected to be chosen by the end of" June 2011. The current status is unclear.

Images:

Spoiler

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Other:

Sources:

Spoiler

Bidwells Property Consultants UK:

Bidwells Property Consultants UK | Unit 220 Cambridge Science Park, Cambridge Science Park, Milton Road, Cambridge

Bidwells market 220 at Cambridge Science Park

Cambridge Science Park:

Invista unveil latest refurbishment project at Cambridge Science Park

Cmglee:

File:Cambridge Science Park Trinity Centre.jpg - Wikipedia, the free encyclopedia

Collins Construction PLC:

Collins Construction PLC

Estates Gazette:

Cambridge Science Park, Science Park, Cambridge, Cambridgeshire | Propertylink

Science Park, Cambridge, Cambridgeshire | Propertylink

Globe St:

GlobeSt.com - Jagex Leases 43,774 SF at Cambridge Science Park - Daily News Article

Jagex:

Careers at Jagex Games Studio

Property Magazine:

Invista signs Jagex at Cambridge Science Park

Property Mall:

Savills - 220, Cambridge Science Park

Property Week:

Jagex lets in Cambridge Science Park

Developer ponders the appliance of science

[Melook]

Wow I like the building.

[St Lucis]

Looks impressive. Maybe they can put a RuneScape statue out the front like Blizzard...Or inside that centre room... I just want to see a RS statue

Spoiler

Edited by St Lucis, 19 July 2011 - 11:47 AM.

[Melook]

Looks impressive. Maybe they can put a RuneScape statue out the front like Blizzard...Or inside that centre room... I just want to see a RS statue

Spoiler

Jagex's building looks much better, I am shocked.

[Chris]

They probably wont do much in regards to a permanent statue outside the building as it'd be fairly pricey and they'd probably be forced to unearth and move it once their (almost �0„51m) lease is over. I think the lease is quite good value on the face of it, still surprised to see that they're yet to own their own building after the heavy increase in funds that came earlier this year.

[St Lucis]

Looks impressive. Maybe they can put a RuneScape statue out the front like Blizzard...Or inside that centre room... I just want to see a RS statue

Spoiler

Jagex's building looks much better, I am shocked.

I'm looking at Blizzards offices now, imagine if you were a massive Blizzard fan and you got invited (Like Ren) to go behind the scenes to their offices. And this is what you see;

Spoiler

Those guys are loaded.

But many non-Jagex informed people would be pretty surprised about the size of Jagex and the money they have. I'm pretty surprised at their new office myself.

[Alphawolf]

Looks impressive. Maybe they can put a RuneScape statue out the front like Blizzard...Or inside that centre room... I just want to see a RS statue

Spoiler

Jagex's building looks much better, I am shocked.

I'm looking at Blizzards offices now, imagine if you were a massive Blizzard fan and you got invited (Like Ren) to go behind the scenes to their offices. And this is what you see;

Spoiler

Those guys are loaded.

But many non-Jagex informed people would be pretty surprised about the size of Jagex and the money they have. I'm pretty surprised at their new office myself.

Reminds me of Disney World.


I really like the new building, although I think the old one looks better.

[Zheph]

Looks impressive. Maybe they can put a RuneScape statue out the front like Blizzard...Or inside that centre room... I just want to see a RS statue

Spoiler

What about the Stellar Dawn tank that's sitting out the front? Dedicated Stellar Dawn headquarters, anyone?

[Flatypus]

I did this place in my Geography GCSE lol

[Lord Tobytwo]

It looks too plain. It's not decoratice enough, they should add in some columns, georgian windows, beautiful window decoration and a chimney for Father Christmas.

[AceJonny]

Let's go throw stones till they speed up the release of beta.

[Human]

It has more space than the last one.

Let's go throw stones till they speed up the release of beta.

If we hit somebody working on Stellar Dawn, don't end up crying.

[Chris]

I think the Steallar Dawn APC is still very much roadworthy, remember Mark Gerhard had it as a working vehicle before he donated it to Jagex. There's even a video on his Facebook page of him driving it through a wall at a Jagex Christmas Jolly.

[Ayush]

It seems some of Jagex have shifted to this building today.

[Daimen]

It seems some of Jagex have shifted to this building today.

Confirmed on the forums, no update today as some staff were being moved .

[Killrrhubarb]

That's a very nice looking building. I'd love to work there.

[Pliigi]

FORMER JAGEX PREMISES TO LET AT SCIENCE PARK



High quality R & D space on the acclaimed Cambridge Science Park is available to let through Savills Cambridge commercial agency team.

With a double height reception area, and offices on the ground and first floors, 140 Cambridge Science Park is a detached, two storey building providing accommodation of up to approximately 26,238 sq ft.

Features include:

• Recessed category 2 lighting and air conditioning
• Fully accessible raised floors
• Eight person lift
• 81 car parking spaces

The building was previously occupied by Jagex Games Studio, which has relocated to larger premises at 220 Cambridge Science Park.

Rob Sadler of Savills says: “There have been some significant Cambridge lettings recently including the Jagex move to building 220 Cambridge Science Park and the letting of One Cambridge Business Park to Ernst & Young.

“This has taken a large amount of space out of the market, so number 140 now represents a rare opportunity to relocate to a stand alone building of this size in a prestigious position at the front of the Cambridge Science Park.”

(Source)

[Pliigi]

Quintain sells Cambridge office asset

140 Cambridge Science park sold to Mayfair Capital Trust for £6.35m

Quintain, on behalf of its SeQuel Fund, has sold office space in Cambridge to Mayfair Capital Unit Trust. 140 Cambridge Science Park was offloaded for £6.35m, reflecting a net initial yield of 7.8%. The sale was undertaken at a premium to its March 2011 valuation.

The 25,000 sq ft two storey office building is currently let to Jagex Limited with a tenant break option in November 2014. It is part of the 1.5m sq ft Cambridge Science Park, which provides office accommodation for high tech and support service companies.

The sale was undertaken on behalf of SeQuel, Quintain’s secondary property fund. As at 31 March 2011, it had £83.7m of assets under management, delivering £9m of rental income.

Peter Doyle, Head of Investment at Quintain, said: “The completion of this sale above book value enables us to crystallise the value we created by regearing the lease. This will be recycled into new acquisition opportunities as well as targeted asset management activity.”

Drivers Jonas Deloitte acted for Quintain.

(Source)

[Pliigi]

When Cambridge-based Jagex needed to expand into...

(Estates Gazette (UK) Via Acquire Media NewsEdge) When Cambridge-based Jagex (the UK's largest independent software developer and publisher) needed to expand into extra office space, it must have wished that it could simply conjure up the extra accommodation in the same way that it creates virtual worlds for its online games.

The company is creator of Runescape, the world's largest MMORPG - that is "massively multiplayer online role playing game" for those of us who struggle with terms longer than iPad2 - and its situation was typical of many smaller Cambridge tenants in the hi-tech and pharmaceutical sectors, whose success propels them into needing a larger space.

What Jagex found was something not at all typical of most UK regional commercial property markets: a sharply decreasing lack of good-quality offices. So the company moved quickly over the summer to sign a 15-year lease for 45,000 sq ft of refurbished space at Building 220 Cambridge Science Park. But tenants following in their footsteps (see panel) are likely to find it increasingly difficult to get the accommodation they want.

(Source)