Magdalen College has taken full ownership of The Oxford Science Park. The Park was established in 1991 as a 50/50 joint venture to deliver high-quality commercial offices and laboratories for science and technology-based companies. More than 2,400 people are employed in over 60 businesses in the Park, ranging from start-ups to major international companies. Magdalen has now completed the acquisition of the 50% stake in the joint venture held by M&G Real Estate, to take 100% control of the management and future development of the Park.
Rory Maw, Bursar of Magdalen College said: “The acquisition represents the start of an exciting new phase in The Oxford Science Park’s development. It is a clear statement of the College’s intent to support the growth of Oxford’s thriving community of science and technology businesses and, by taking 100% ownership, we will have the flexibility to explore new ways of working together. The Park is the natural location for new spin-outs from Oxford’s world-leading research facilities, as well as established businesses looking to grow.”