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Special report business and science parks

By: Contributor(s): Language: English Series: Property Week ; 75 (32) 14 August 2009, 43-46 (4)Publication details: 2009Subject(s): Summary: Discusses the market for business parks and science parks in the UK in 2009. Highlights that construction of business parks reduced with the recession, while the vacancy rate stands at 14.4%. Reveals that developers of business parks have learned to be flexible to keep occupiers as the space available for letting increases. Reports that joint ventures between private developers and science councils could help the UK keep its status of provider of world-class research facilities.

Discusses the market for business parks and science parks in the UK in 2009. Highlights that construction of business parks reduced with the recession, while the vacancy rate stands at 14.4%. Reveals that developers of business parks have learned to be flexible to keep occupiers as the space available for letting increases. Reports that joint ventures between private developers and science councils could help the UK keep its status of provider of world-class research facilities.