News release

JLL’s Debt Advisory and Structured Finance team has advised TusPark on securing a £55m Investment loan for their Life Science holdings in Cambridge Science Park

July 19, 2021

JLL has advised TusPark Holdings UK Ltd on securing a £55m Investment loan for their ownership holdings in Cambridge Science Park. TusPark acquired three newly developed properties (Units 22, 25 and 26) totalling 165,000 SF in Cambridge Science Park between 2018 and 2019 from Trinity College. Since acquiring the Properties, TusPark secured a number of long leases including Frontier Developments, DisplayLink, Mogrify and Novogene. One of the properties is operated as one of the first bio-incubator buildings in Cambridge Science Park.

The £55m loan has been provided by pbb Deutsche Pfandbriefbank .

Cambridge Science Park is one of the leading Science Parks in Cambridge. Founded by Trinity College in 1970, the Park was the first Science Park to be developed in the UK. The Park is anticipated to grow to 2.5 million SF over the next 10 years. The UK Life Science sector is one of the fastest growing real estate classes and has seen a significant level of activity in Cambridge and Oxford over the last year.

TusPark is part of the wider Tus-Holdings, a Chinese global firm which originates from Tsinghua University. TusPark is the largest science park owner and operator with over 215 million SF of space under management across 80 cities worldwide.

Kevin Lin at TusPark UK, said: “We welcome a long term financing partnership with PBB for our Life Science and Technology property holdings in Cambridge. Tus is committed to the Cambridge Life Science and Technology market and through this financing enables TusPark to further grow its portfolio.”

Charles Balch, Head of Real Estate Finance International Clients, UK, CEE and USA at pbb Deutsche Pfandbriefbank said: “We are delighted to have been able to support TusPark Holdings in the roll-out of its UK science park investment programme. The life sciences and science park sectors in general and the specific markets in the life sciences golden triangle demonstrate very strong fundamentals and provide good lending opportunities.”

David Barry, Senior Director, Debt and Structured Finance at JLL, added: “The Life Science sector is proving to be a strong asset class and this was evidenced by the level of demand from lenders. We are delighted to have sourced and secured an attractive long-term debt financing from Deutsche Pfandbriefbank which enables TusPark to execute its business plan for its long-term ownership in Cambridge Science Park”.

JLL acted on behalf of TusPark UK with Michael Speranza at GunnerCooke LLP acting on the legal side. pbb Deutsche Pfandbriefbank was represented by Rachel Pearson at Allen & Overy LLP

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 91,000 as of March 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit