Purchase of major life sciences HQ laboratory and office facility, Livingston, Scotland

24 November 2017

Ambassador LB Holdings LLP has purchased the headquarters office and laboratory facility of Q2 Solutions in Livingston, Scotland from CF (Coral) Ltd for £22 million. 

The 122,740 sq ft (11,400 sq m) purpose built property is let to Q2 Solutions on a 15-lease expiring in 2024 with tenant options to extend.  Launched in 2015 through a joint venture between Quintiles and Quest Diagnostics, Q2 Solutions is focused on helping biopharmaceutical, medical device and diagnostics customers improve human health through innovation that transforms science and data into actionable medical insights. The premises at Livingston employ over 600 people.

Chris Richardson, Investment Director at Ambassador Group comments: “We are delighted to announce our purchase of Q2 Solutions headquarters in Livingston which, with the purchase of another recent transaction, takes our portfolio to nearly £100 million in the UK in the last 12 months. We plan to work closely with the tenant to look at asset management opportunities within the building.” 

Bruce Patrick, Director at Savills, which represented the vendor, says: “Livingston is a prime location for a life science business in Scotland being close to a highly educated talent pool from Scotland’s universities and enjoying excellent connectivity.  The property was purpose-built for the tenant who occupies the property on a long lease with the benefit of fixed rental increases.”

Savills acted for the vendor CF (Coral) Ltd. Ambassador LB Holdings LLP was unrepresented.  Ambassador LB Holdings LLP is a Joint Venture between ICG-Longbow and Ambassador Group.


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