US's MathWorks Pencils in 93,000 Sq Ft Cambridge HQ Move

US's MathWorks Pencils in 93,000 Sq Ft Cambridge HQ Move

1/11/2021 12:00:00 AM

Above: Indicative plans for Building One, Cambridge Science Park. (JLL)

MathWorks, an American business that specialises in mathematical computing software, has signed a 93,000 sq ft lease at Building One, Cambridge Science Park, the largest deal at Cambridge Science Park for the last decade, CoStar News can reveal.

MathWorks will take occupancy of the unit once it reaches practical completion in April 2021.

Cambridge Science Park comprises 150 acres across 1.7m sq ft of high technology and laboratory buildings. It’s home to 7,000 people at over 130 companies, ranging from start-ups to some of the world's leading technology businesses.

Paddy Shipp, an associate at JLL and JLL’s life science agency lead, said in a statement: “MathWorks' letting at Cambridge Science Park was a fantastic end to 2020. The sizeable deal is testament to the strength of the life sciences/ technology market which, despite the global pandemic, has seen good levels of demand, particularly in the golden triangle.

"Cambridge Science Park is a prominent location for life science and technology businesses, and I am pleased to have acted for TusPark on the largest transaction on Cambridge Science Park for over 10 years.”

Nick Blevins, an associate at C&W who advised MathWorks, added: “MathWorks’s decision to grow their footprint significantly in Cambridge shows the confidence they have in their growth plans in the region and the importance they place on providing the right working environment for their people. We have enjoyed working with MathWorks through this process ensuring their real estate supports their business strategy.”

Cushman & Wakefield advised MathWorks with JLL and Bidwells advising TusPark, one of the largest owners and operators of science parks and incubation facilities in the world, and Trinity College, which is the freeholder.

Building Two, a circa 118,000 sq ft brand new grade A building arranged over four floors, is due to reach practical completion in Q2 2021.