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Quantum technologies firm agrees Innovation Quarter deal

Life Science REIT has agreed to lease fully fitted space at the Innovation Quarter (IQ) at Oxford Technology Park (OTP) to a business which uses atomic physics to build quantum computers and to integrate them across networks.

Coldquanta UK, part of quantum technology giant Infleqtion, is taking 7,497 sq ft with the lease set to complete once the laboratory fitout works are complete.

Computing power of the sort Coldquanta works on has the potential to transform the life science industry by significantly reducing drug development time and costs and demonstrates the growing interdependence between technology and life sciences.

Ian Harris, director of asset management at Ironstone Asset Management, the company’s investment adviser, said: “We are really encouraged by the leasing momentum we are seeing at the IQ, strengthening our conviction in this more flexible format and the fully fitted proposition.

“The IQ also provides emerging life sciences businesses with the opportunity to grow and collaborate with like-minded businesses at OTP, in neighbouring Begbroke and the academic institutions in Oxford.”

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