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On 11 July 2022, Oxford Nanopore Technologies plc completed the sale of its interest in the Gosling Building to The Oxford Science Park (Properties) Limited for £42.5 million. Immediately following the sale, The Oxford Science Park (Properties) Limited granted Oxford Nanopore an occupational lease of the Property for 10 years at an annual rent of £1.8 million.
| Date | 11 Jul 2022 |
| Time | 07:00:05 |
| Category | Disposals |
| ID | 9269R |
11 July 2022
Oxford Nanopore Technologies plc
("Oxford Nanopore")
Sale and leaseback of headquarters building to The Oxford Science Park
Oxford Nanopore Technologies plc (LSE: ONT), the company behind a new generation of molecular sensing technology based on nanopores, today announces that it has completed the sale of its interest in the Gosling Building (the "Property") to The Oxford Science Park (Properties) Limited ("TOSP") for £42.5 million.
On completion of the sale, TOSP will immediately grant Oxford Nanopore an occupational lease of the Property for 10 years; at a rent of £1.8 million per annum.
Tim Cowper, Chief Financial Officer of Oxford Nanopore, commented:
"We are pleased to have agreed the sale and leaseback of our headquarters building. The proceeds will be used for continued development of our core business."
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About Oxford Nanopore Technologies
Oxford Nanopore Technologies' goal is to bring the widest benefits to society through enabling the analysis of anything, by anyone, anywhere. The company has developed a new generation of nanopore-based sensing technology for real-time, high-performance, accessible and scalable analysis of DNA and RNA. The technology is used in more than 120 countries to understand the biology of humans and diseases such as cancer, plants, animals, bacteria, viruses and whole environments.
For more information please visit: www.nanoporetech.com