SECTOR FOCUS: PROPERTY


Plymouth Science Park is a hub of innovation


Completion of letting during lockdown


based at the Park working on their growth plans. Alongside its range of


businesses, Plymouth Science Park also works through collaborations with the likes University of Plymouth, Plymouth City Council, The Plymouth Health Innovation Alliance, Brixham Laboratory, Plymouth City College, University Hospitals Plymouth NHS Trust, South West Academic Health Science Network, the University of Marjon and others. Adrian Dawson, Director of


Research and Innovation at the University of Plymouth, said: “Plymouth Science Park has changed considerably over a quarter of a century, and we can all be very proud of the progressive and collaborative role it plays in the science and technology landscape of the South West.” The collaborative approach saw


the park help set up the new Plymouth Health Innovation Alliance and create a bespoke patient facility with tenant Re:Cognition as part of ‘Transform MS’, a Community Interest Company established to support sufferers of Multiple Sclerosis and other neurodegenerative disorders, in partnership with the University of Plymouth and the University Hospitals Plymouth NHS Trust. Council leader Tudor Evans OBE


said: “Plymouth Science Park has gone from strength to strength and we are chuffed to bits to see that since its inception in 1996, it


continues to attract and support exciting new businesses. “The park was set up to tap into


and to keep entrepreneurial talent coming through the University in Plymouth and to forge links between starts-ups, established business, the research community and our key sectors such as the medical/life sciences cluster in and around Derriford Hospital. “The figures speak for themselves: nearly 100 businesses, employing over 1,000 people, and a combined turnover of over £100m. “I think it is fair to say the results


have been phenomenal. There are some truly boundary breaking teams based right here in Plymouth, setting the groundwork for the next generation of high growth companies and high value productive jobs.” Fay Davies, Business


Development Manager at the Park, said: “These are exciting times. New brands will be joining us to make use of the array of facilities here, and collaborate with academics and scientists, work with researchers and other partners, both on the park and the wider health campus, and across the marine, science and technology ecosystem. “And of course we will continue


to work with and support emerging entrepreneurs, University of Plymouth graduates and spin out companies, right through to fully- fledged high-growth national and international businesses.”


Bruton Knowles has completed the letting of just under 15,000sq ft to Pure Gym at Coypool Retail Park, Plymouth, acting on behalf of HBH Woolacotts. Completed on the 1 May, the new lease of 15 years has a commencing


rent of £150,000 per annum. The newly constructed accommodation is an extension to the existing retail park that was formerly a B&Q outlet. The original building offered just over 37,000sq ft, a majority of which is


now occupied by HBH Woolacotts and FurnitureWorld. Over the last three years substantial investment has been undertaken resulting in a major transformation of the premises, this included new cladding, landscaping and an upgrade of the electrical supply to the site. Since acquiring the site for HBH Woolacotts, Bruton Knowles has let the


surplus space within the existing building to Dreams and now, despite lockdown, has completed the lease to Pure Gym. In addition to this a drive-thru outlet is set for opening in late 2020, early


2021. Mark Slade of Bruton Knowles, Plymouth office said: “The investment, both by our client HBH Woolacotts and Pure Gym is clearly a vote of confidence within this sector and in a wider sense, the Plymouth property market during these uncertain times. We are delighted to have brokered this transaction for all the parties involved.”


Summer 2020 Chamber Profile 33


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