Cambridge shopping centre could be redeveloped.
Cambridge's Graffton shopping centre has been put up for sale by commercial estate agents Savills.
Savills say the 12-acre site has “opportunities to redevelop into world class life science, office, educational, hotel and experiential destination”.
The shopping centre, owned by Legal and General, was previously home to Debenhams and BHS department stores and includes 1,150 car parking spaces.
Savills added, "the site presents a unique opportunity for repurposing into life sciences and laboratory accommodation, with the potential to provide in excess of 80,000 sq ft of much-needed lab space in the city.
"Savills research has shown that Cambridge saw £1.21 billion of life science related capital raised in 2020, along with a considerable demand from life sciences occupiers for lab space. However, the city’s market is currently constrained due to a significant lack of available stock, and, as it stands, there are no commercially marketed labs currently within the city centre.
No guide price has been given.
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