CLARE HALL. Blanche Lane, South Mimms, Potter s Bar, Hertfordshire EN6 3LD. 144,000 Sq.ft B1(b) Laboratory Campus Freehold or Leasehold

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1 CLARE HALL Blanche Lane, South Mimms, Potter s Bar, Hertfordshire EN6 3LD 144,000 Sq.ft B1(b) Laboratory Campus Freehold or Leasehold

2 OPPORTUNITY OPPORTUNITY A rare opportunity to acquire a laboratory research facility in the heart of the Golden triangle with excellent links to Oxford, Cambridge and London by road or rail. The site is also well located for international travel with London Luton, London Stansted and London Heathrow airports all less than 40 minutes drive from the site. Clare Hall Campus comprises a world class research facility where Nobel Prize winners Sir Paul Nurse and Sir Tim Hunt have worked with supporting accommodation for Cancer Research UK. Following CRUK s investment in the Francis Crick Institute at St Pancras, the majority of this facility will become surplus to requirements in The total land available measures approximately 22.1 acres (8.9 ha) with buildings totaling circa 144,000 sq ft of laboratory space with ancillary accommodation. Expressions of interest are sought from occupiers for continued B1(b) laboratory use of the main site with additional land and buildings as required. Interest is invited on either a freehold or leasehold basis. The vendor/lessor will consider proposals for the whole or parts of the campus. The purpose of this document is to provide an initial overview to interested parties and all prospective purchasers are referred to the Data Room within which all of the major documentation is retained. The property is offered with vacant possession from Autumn 2016.

3 LOCATION LOCATION M25 South Mimms A1(M) Jct23 Potters Bar Station Potters Bar M25 Jct25 A10 M25 The property is situated inside the M25 on the edge of London to the South of the village of South Mimms in Hertfordshire, approximately 3 miles West of Potters Bar. Junction 23 of the M25 and Junction 1 of the A1 (M) are approximately 1.5 miles to the east. Potters Bar Railway Station provides regular train services to London Kings Cross within 15 minutes (fastest). Watford M1 Borehamwood Barnet Enfield CONNECTIVITY A10 M11 Potters Bar to Rail London Kings Cross 15 Minutes Edgware M1 A406 A406 Cambridge Oxford 68 Minutes 120 Minutes A1 Clare Hall to Road Potters Bar 3.8 Miles A10 London 17.2 Miles A406 A12 Cambridge 47.2 Miles A40 A41 Oxford London Luton Airport 58.2 Miles 20.7 Miles A40 A501 LONDON Kings Cross Station A13 London Heathrow Airport London Stansted Airport 29.4 Miles 33.9 Miles M4 Brentford A2 A102

4 LOCATION Oxford Northhampton A41 M1 Milton Keynes Buckingham A418 Aylesbury M1 Berkhamsted Bedford A421 Luton Luton Airport Stevenage A1(M) Welwyn Garden City Royston A10 Cambridge A11 M11 Stansted Airport A120 Bishop s Stortford LOCATION The property is situated inside the M25 on the edge of London to the South of the village of South Mimms in Hertfordshire, approximately 3 miles West of Potters Bar. Junction 23 of the M25 and Junction 1 of the A1 (M) are approximately 1.5 miles to the east. Potters Bar Railway Station provides regular train services to London Kings Cross within 15 minutes (fastest). CONNECTIVITY Potters Bar to Rail M4 M40 Reading M4 Beaconsfield Bracknell M40 M25 Heathrow Airport Watford Barnet Edgware London Kings Cross Station Hounslow Potters Bar LONDON A406 Romford Brentwood Dartford London Kings Cross Cambridge Oxford Clare Hall to Potters Bar London Cambridge Oxford London Luton Airport London Heathrow Airport 15 Minutes 68 Minutes 120 Minutes Road 3.8 Miles 17.2 Miles 47.2 Miles 58.2 Miles 20.7 Miles 29.4 Miles A33 Sunbury-on-Thames Croydon London Stansted Airport 33.9 Miles Basingstoke M3 Farnborough Leatherhead M26 Sevenoaks

5 WHY HERTFORDSHIRE? WHY HERTFORDSHIRE? This is a key strategic employment site and I am determined that the Council, through its economic development strategy Creative Hertsmere, does all that it can to retain and grow science based companies in the area. Cllr Morris Bright, Leader of Hertsmere Borough Council Hertfordshire is the European hub for life science companies with a large life science cluster of over 200 significant Life Science companies. These organisations have strengths in pharmaceuticals, biotechnology & drugs, and medical equipment & supplies with activities focusing on R&D and manufacturing. In the immediate locality of Hertsmere the largest industry sector by numbers of enterprises is professional, scientific and technical representing 19% of enterprises. Hertfordshire has an excellent track record in attracting FDI with over 900 foreign owned companies in Hertfordshire including world renowned life science companies. The County is the leading location for European & UK HQs with over two-thirds of foreign investors establishing European hubs in Hertfordshire, this is the highest proportion in the UK (double the UK average) and more than London. There is a large pool of experienced, skilled staff in Hertfordshire with over 15,500 employed in life science activities and the highest number of employees working in Pharmaceuticals in England. Nearly half of Hertsmere residents hold director, senior management, professional or technical positions, which is significantly higher than national norms. Creative Hertsmere Think... Develop... Act... Looking forward there is an abundance of highly skilled university graduates with 2005 HE students in biological sciences and 375 postgraduates in biological sciences. Furthermore nearly a third of Hertsmere residents hold a first degree or higher.

6 DESCRIPTION DESCRIPTION The campus is formed by four areas of land: the Main Laboratory Campus, Clare Hall, Car Park and Land and Cottages. Main Laboratories The main laboratory site comprises five laboratory and office blocks (Blocks A to E), each single storey, built circa 1985 and interconnected via a glazed walkway. Block T was constructed in Block G was constructed in the 1930 s and is used for offices, storage and temporary residential purposes. There is also a 1985-built power house (Block F), a security gatehouse and a two storey office building (the Lodge). Clare Hall Manor NIBSC CRUK CRUK Clare Hall is a Grade II listed former Manor House (List entry Number: ). Originally constructed during the 17th century the house was added to during the early 18th century and again in the 19th century. More recently extended in [late 20th century] Clare Hall provides kitchen, staff restaurant and visitor s residential accommodation totalling approximately 1,149.9 sq.m (12,373 sq ft). Car Parking & Tennis Courts CRUK The campus is served by a car park to the east of Blanche Lane which accommodates a total of 218 parking spaces. A number of spaces will be retained by the Crick Institute and CRUK to serve the retained facilities the location of these spaces is flexible. Land and Cottages The southern area of land provides potential expansion land (see PLANNING) and currently comprises two cottages and grazing land. Land to be retained by CRUK

7 Path (um) DESCRIPTION Block Use Sq.m. Sq.ft. A Labs 3, ,242 GP B Labs 1, ,031 8 C Labs ,662 1 ays Dialmead Guinea Cottages Guinea (PH) Playground 1 Taylers Cottages 5 Parkfields Tanks Tank H A B C T Clare Hall Laboratories E D G F I J El Sub Sta Tank BLANCHE LANE LB 101.5m Games Court Playground D Labs/Plant 1, ,183 E Labs/Plant 1, ,563 F Plant ,614 G Offices, Lecture Room, Residential and Staff Facilities ,042 H Storage I Offices ,787 J Security Office T Internal Storage / Labs ,566 Laboratory Total 12, ,791 Clare Hall Manor Electrical Utility Def Games Court Pond The site is served via a dual feed 11kV electrical supply and has 100% standby generator in respect of the existing site users requirement. FB Data Connectivity Tank The site is served via high speed fibre optic data connectivity and additional capacity from the public network is available adjacent to the site entrance. Water, Gas and Drainage Utilities Track The Cottages 1 2 All of a suitable capacity commensurate with site requirement for current demand and growth potential. Stilegate 92.7m Pond 91.7m

8 DESCRIPTION H G Block Use Sq.m. Sq.ft. A Labs 3, ,242 B Labs 1, ,031 C Labs ,662 A D Labs/Plant 1, ,183 E Labs/Plant 1, ,563 F Plant ,614 E F G Offices, Lecture Room, Residential and Staff Facilities ,042 H Storage I Offices ,787 J Security Office T Internal Storage / Labs ,566 Total 12, ,791 B D I Electrical Utility The site is served via a dual feed 11kV electrical supply and has 100% standby generator in respect of the existing site users requirement. T C J Data Connectivity The site is served via high speed fibre optic data connectivity and additional capacity from the public network is available adjacent to the site entrance. Water, Gas and Drainage Utilities All of a suitable capacity commensurate with site requirement for current demand and growth potential. Retained by CRUK

9 PLANNING PLANNING Town Planning Background The CRUK land holding is an identified Major Developed Site (MDS) in the Hertsmere District Council Local Plan. The site has been the subject of several redevelopment schemes since it was first consented for B1(b) laboratory use, after its original hospital function ceased in the 1980 s. An outline consent exists for its enlargement via an approved masterplan, dating from the 1990 s. Much of the masterplan has been implemented, including changes to the Manor, plus W Block and P Block in recent years. The consented Phase 4 of the approved masterplan growth area to the south is still extant and has not yet been implemented (see applications TP/2002/0323 and TP/10/0196).The site is located within Metropolitan Green Belt, with Clare Hall Manor having listed building status (Grade 2). CLARE HALL MANOR FROM THE NORTH The Hertsmere Economic Development team are very keen to assist the continued employment use of the site and have indicated that they would support alternative employment generating uses at Clare Hall. Clare Hall Manor Clare Hall Manor s current use embraces a wide array of residential accommodation, staff restaurant, and meeting rooms in a building totalling approximately 1,149.9 sqm (12,373 sq ft). The building also benefits from landscaped gardens and a spring fed lake. CLARE HALL MANOR FROM THE SOUTH

10 ADDITIONAL INFO DATA ROOM CONTACT An electronic data room has been established, interested parties should Cushman & Wakefield to arrange access. The data room contents include the following: Title documents Building information EPC RUPERT CORNEY TOM BURNAGE These particulars do not constitute the whole or any part of an offer and all information is supplied entirely without prejudice and is given as a guide and no liability is accepted for any error, omission or misstatement contained or implied in these particulars. 1. These particulars do not constitute any part of an offer or contract. 2. These particulars and plans are supplied entirely without prejudice and Cushman and Wakefield LLP does not accept responsibility as to the accuracy thereof. 3. All prospective purchasers must satisfy themselves by inspection or otherwise as to the suitability or correctness of any statement and the suitability or otherwise of the land for their own purposes. 4. Any measurements referring to the site or other areas are approximate and are given for guidance purposes only. Prospective purchasers are requested to rely on their own inspection and measurement of the site. All negotiations are subject to contract. Designed by i-brochure. October 2014.