New Occupier Edinburgh House
Savills, on behalf of St John’s College, has let office and laboratory space at Edinburgh House, St Johns Innovation Park in Cambridge to Coalesce Product Development Limited.
The product and technology development company has agreed to a new five-year lease for space totalling 3,796 sq ft (352 sq m) and will occupy Suites One, Two and Three on the ground floor of the building.
Currently two suites remain available ranging from 1,250 sq ft (116 sq m) to 2,500 sq ft (232 sq m) at a quoting rent of £27.50 per sq ft (£296 per sq m).
Phillip Ridoutt, director of business space at Savills Cambridge, comments: “St John’s Innovation Park is unique to the Northern Cluster as it provides clear straightforward expansion opportunities for existing occupiers within the multiple buildings owned by St John’s college. The park also continues to attract new office and R&D companies due to the strength of its location as a prime science and technology business area. This is the perfect environment for Coalesce to continue to grow following its relocation from the St John’s Innovation Centre.”