Mission Street and BGO fill up at Oxford life sciences building

Oxford Cancer Analytics, a fast-scaling diagnostics company, has signed for Mission Street and BGO’s Inventa, taking the building in Oxford’s West End to close to fully occupied.

OXcan has committed to a new lease of 2,400 square feet and is moving from the BioEscalator to Inventa. Founded in 2019, OXcan recently completed its Series A funding round, led by We Venture Capital and Cross-Border Impact Ventures.

The letting at the 65,000-square-foot Inventa is the fourth. Previous deals comprise Nucleome which took 20,000 square feet, Xyme which took 5,600 square feet and Oxford Symantic Technologies, which took 4,300 square feet. The building includes 9,000 square feet of collaboration space.

Colin Brown, development director, Mission Street, said in a statement:

“Inventa is now nearing full occupancy, bringing together some of Oxford’s most exciting innovation companies and establishing the city’s only central research and development cluster.”

Andreas Halner, OXcan’s president and co-founder, added:

“We chose Inventa for its convenient proximity to central Oxford and the train station, offering access to top talent from Oxfordshire and beyond.”

Mission Street was established in 2017 as an investor, developer and operator specialising in the sciences and innovation sector.

It is at various stages of developing an 1.5 million square feet pipeline in Oxford, Cambridge and Bristol.

BGO is a leading, global real estate investment management advisor and provider of real estate services. It has around $89 billion of assets under management as of 30 September. BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.

Mission Street began construction of a second development phase at West End, Fabrica, in September, with the property set to provide an additional 183,000 square feet of labs and offices across five storeys.

It says the project highlights the duo’s conviction in Oxford’s West End, with the urban innovation hub having a long-term pipeline of 2 million square feet of commercial science and innovation space.

Bidwells and CBRE act for Mission Street.