05 April 2016
Hexagon Tower has been snapped up in a joint venture deal worth £95 million.
The UK’s only vertical science park has been bought by a US joint venture partnership between Angelo Gordon and Trinity Investment Management.
Hexagon Tower is one of five science parks across the UK to be brought up by the joint venture partnership.
Stewart Needham, Facilities Manager at Hexagon Tower, said:
“Trinity and Angelo Gordon’s investment into the facility demonstrates great confidence in the UK science and technology sectors.
“Hexagon Tower has been designed to offer science and technology firms large and small the chance to organically grow through flexible office and laboratory space alongside access to best practices and innovation from other science firms at our sites throughout the UK.
“Through this unique offer, we are able to help companies based at the science park to thrive.”
The 168,376 sq ft science park, was designed by architect Richard Seifert and built in 1973 for Imperial Chemical Industries (ICI).
In the past year, Hexagon Tower has seen multinational firms expand their presence the science park by 16 per cent in 2015, reflecting the current growth in science and technology sectors based in the Northern Powerhouse.