London, May 12, 2022 – The seven-storey building is part of the CB1 Estate and is fully let, with capacity for 900 employees.
30 Station Road joins a host of high-quality buildings in the mixed-use CB1 development, which has seen international employers and brands such as Amazon, Microsoft, Samsung and WeWork choose to locate in Cambridge.
The new 80,000-sq-ft building has the capacity to house up to 900 employees and has been pre-let to a global leader in the tech industry, seeing yet another major employer commit to new offices at CB1.
The building is expected to achieve a BREEAM rating of Excellentfor sustainability. Brown and green roofs will provide habitats for bats, kestrels and a number of other species, while enhanced cycle facilities will provide 302 cycle parking spaces.
Designed by architecture and design practice tp bennett, the contemporary building is described as a ‘cube within a cube’, mediating between the scale and materiality of the neighbouring buildings. Seven floors of Grade Aflexible office accommodation have been designed for modern ways of working.
The development includes new public realm at ground level that will form part of a landscaped ‘linear park’ to extendal most the entire length of Station Road on its southern side, which will be completed with the construction of 10 & 20 Station Road. In addition, the building façade is part of an art lighting installation that will further connect this run of buildings along Station Road.
30 Station Road echoes the material palette of the series of high-quality office buildings Brookgate has delivered on Station Road, each with its own character, while respecting the architecture of the entire street. Alongside the office space, 30 Station Road provides a basement car park for 51 cars including 10 electrical charging ports. Interior fit-out works at 30 Station Road will now startand are expected to complete by September 2022.
Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), jointly-funded the scheme with the Public Sector Pension Investment Board (‘PSP Investments’), one of Canada's largest pension investment managers.
Sven Topel, Chief Executive at Brookgate, said:
“The completion of 30 Station Road is an important moment in the delivery of the Central Business District for Cambridge. CB1 has grown into an undisputed destination for research, tech and professional service companies in the heart of the city, with 30 Station Road set to welcome another global nameto the Estate, further establishing the development’s position as a hub for world-leading employers.”
Melanie Collett, Head of Real Estate Asset Management at Aviva Investors, said:
“30 Station Road –and the wider CB1 development –is an exciting, flagship project in our UK real estate strategy, and we are thrilled to see it reach this milestone. Cambridge itself is a dynamic city, which excels as a location catering to cutting-edge companies as much as it does families and a highly employable talent pool. It is a hub that typifies our activities in local regions across the country and a place we think is one of the most exciting and attractive markets in UK real estate.”
Stéphane Jalbert, Managing Director, Head of Asia-Pacific and Europe, Real Estate Investments, PSP Investments, said:
“CB1 has proven itself as a global centre of innovation, and 30 Station Roadwill support the continued growth of this exciting talent and technology hub. As we continue to build our global sustainable portfolio, PSP Investments aims to seize investment opportunities in dynamic markets like CB1 that support economic development while also contributing to the transition to a low-carbon future.”
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NOTES TO EDITORS
Brookgate is a development and investment company based in Cambridge which delivers high quality mixed-use urban projects. We specialise in the regeneration of strategic sites around city centre transport hubs creating office, hotel, student, residential and retail developments.
Our mission is to deliver high-quality and sustainable places that demonstrate outstanding social and environmental responsibility. Our priority is to deliver value to the wider community -ensuring maximum long-term benefit to our partners and the cities in which we operate. Our values are integrity, openness, commitment, delivery and performance.
Brookgate is delivering the CB1 regeneration of Cambridge Station, a 1.5 million sq ft development working in partnership with landowners Network Rail and Jesus College. This new estate in the heart of the city has revitalised the area around the station with a new public square, offices, homes, a hotel, student accommodation, shops and restaurants as well as the UK’s largest cycle park.
One The Square, CB1’s landmark office development has won a series of awards: a BCO Regional Award 2018, RICS Regional Award 2018 ‘Commercial Project of the Year’, ‘Best Commercial Project’ at the LABC Awards 2018 and a Team Achievement Award from ICE East of England.
Brookgate is currently working in partnership with Deutsche Bahn and Network Rail to deliver the 2 million sq ft regeneration of the area around the new Cambridge North station.
About Aviva Investors
Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 14 countries in Asia Pacific, Europe, North America and the United Kingdom with £268 billion in assets under management as at 31 December 2021.
About PSP Investments
The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension investment managers with $204.5 billion of net assets under management as of March 31, 2021. It manages a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and credit investments. Established in 1999, PSP Investments manages and invests amounts transferred to it by the Government of Canada for the pension plans of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. For more information, visit investpsp.com or follow us on Twitter and LinkedIn.