Operators, owners and developers a science parks
We advise on all aspects of owning and operating a science or research park from the formation of the operating entity, through initial development and its funding – both secured and by grant – land acquisition and planning and on- and off-site infrastructure, through to day-to-day letting management, gained by advising on many projects across the UK.
On larger projects, or where multiple lettings are required, our science park team works hand-in-hand with our real estate team which comprises experienced commercial property lawyers, who regularly advise on complex property acquisitions and lettings for landlords, tenants, developers and funders, particularly the clearing banks.
Science and research parks may also need advice and solutions on other areas and issues, and our team draws further upon other specialist lawyers across the firm, all of whom understand the sector’s needs.
Away from the real estate side, we can also help you resolve issues relating to corporate structures, commercial agreements, terms of business, data protection and freedom of information, employment, HR services, general litigation and environmental matters – if it’s a problem faced by any commercial business, we have specialists ready to help find solutions.
More specific information about the various ways our teams can assist you with a variety of issues that may arise is set out below.
Property – lettings and management
Over the last 30 years, our team have developed a flexible approach to managing science parks. With fast turn-around times for documentation and options for generating bespoke leases within a standard precedent, we view ourselves as an extension of the science park management team to assist with the smooth running of the park in general.
The aim of our team is to protect the science park and its assets, while appreciating the ultimate goal of a viable and profitable business that harbours a supportive environment for businesses to develop and grow.
Our experiences to date indicate that most science parks are cooperative in nature and strive to help tenant’s to grow their company, develop their business with a hope of their tenant organisations graduating from accelerators and on-site smaller incubation or innovation units into larger commercial spaces.
Leasing premises does not simply require getting a lease in place. Having robust documentation outlining specific break and repair obligations in important, but so too is the facilitation of a tenant’s entry into or exit from your property.