Bidwells, on behalf of Clear Capital, has secured a new lease with an international aerospace company at its newly refurbished, mid-tech building in Cambridge.
AVIC Cabin Systems has taken a long-term lease at Novus, providing 22,000 sq ft of flexible, high specification workspace, marking one of the largest office/high tech lettings in Cambridge this year.
Strategically located on Pembroke Avenue, Waterbeach, Novus sits at the dawn of a vibrant and well-connected new community which is being developed to deliver 6,500 new homes along with new schools, shops, restaurants and leisure amenities. New infrastructure will also provide a sustainable travel hub.
Clear Capital is a London-based real estate investment company specialising in value-add property investment and secured real estate lending. The firm acquires underutilised assets where targeted asset management can unlock long-term value.
Geroge Craig, Partner at Bidwells, said: “We worked closely with Clear Capital from the outset, advising on the refurbishment of this is strategically located building and we are we are pleased to have secured a strong tenant for this high-quality space, and to have helped deliver one of the top five largest lettings of this type in the region this year.”
Oliver Donne, Founder and CEO of Clear Capital, said: “The letting reinforces our conviction in the UK market. Despite wider market uncertainty, high-quality space remains in short supply. The letting has generated significant capital appreciation, while adding a high-quality, income producing asset to our portfolio and we are actively looking to acquire similar opportunities with value-add potential.”
Cheffins advised Clear Capital alongside Bidwells.