No5 Paddington Night 768x450
Plans for No1 Paddington Village were revealed last year

Bruntwood SciTech £12m Sciontec deal signals ‘faith in Liverpool’

Dan Whelan

The joint venture between developer Bruntwood and fund manager Legal & General has completed its acquisition of a 25% stake in the company that operates Liverpool Science Park.

Sciontec Liverpool, established last February, is a spin-out development company of Knowledge Quarter Liverpool, the entity set up to oversee the £2bn Knowledge Quarter regeneration programme.

Bruntwood SciTech has become the fourth investor in Sciontec alongside Liverpool John Moores University, Liverpool City Council, and the University of Liverpool.

Under the latest deal, Colin Sinclair remains chief executive of KQ Liverpool and Sciontec, after being appointed last July when the parties first agreed the £12m investment deal. He previously spent seven years as a director at Bruntwood.

Speaking about the deal, Sinclair said: “The completion of the Sciontec deal is evidence that big businesses and funds have faith in Liverpool and, even during this health crisis, are prepared to invest their millions. This is a massive vote of conference in Liverpool by Bruntwood and Legal & General.

“This deal will boost development across Liverpool but it is also about more than just property, it’s about people and place, it’s about Liverpool and the city’s strenuous efforts to help businesses, of all kinds, during the pandemic.”

Liverpool Science Park is located at the heart of the Knowledge Quarter district. BruntwoodSciTech’s investment is intended to help progress the delivery of a pipeline of Sciontec projects including plans for a new entrance and reception at the park and a 160,000 sq ft office for the creative and scientific sectors, at No5 Paddington Village.

AHR Architects is designing No5 Paddington Village.

Merseyside Update 2019 (28)

Colin Sinclair was a director at Bruntwood for seven years

Liverpool Science Park also oversees facilities management for Sensor City Liverpool, a hub for the development of sensor and Internet of Things technologies. The FM appointment was the one of the first steps by Sciontec to create a shared service platform across all of Liverpool’s science and technology assets.

Professor Dame Janet Beer, vice-chancellor of the University of Liverpool and chair of Sciontec Liverpool, said: “Sciontec Liverpool, now with Bruntwood SciTech as an investor, demonstrates that private and public partnership works.

“Our strengths in fighting infection and disease will be even more relevant as we move to the recovery phase [of the Covid-19 pandemic].”

Phil Kemp, chief executive of Bruntwood SciTech, added: “Now, more than ever, the importance of the UK’s science and tech sector is firmly in the public’s consciousness.

“But what the current crisis has also shown is the importance of individual cities with the infrastructure, facilities and talent necessary to deal with short-term issues head-on and provide a base for long-term innovation and success.”

Legal advisors for the deal were DLA Piper and Addleshaw Goddard.

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Yes good news for the LSP and KQ, hopefully this will help to take it to the next level with Bruntwood’s involvement

By Liverpolitis

Liverpool benefitted form Manchester business know how and connections. I’m sure there are benefits that go the other way too but doesn’t this just demonstrate how the two cities should be working more closely as a single agglomeration?

By Agglomerate and regenerate

So is it not at the side of the catholic cathedral?

By George

@George, LSP is at the side of the cathedral, but now it appears to be part of the greater scheme known as the KQ. Also looks like they are doing the FM for Sensor City, which is a little bit down the hill from them. Hope that clears it up for you?

By A 2 Z

Agree with above comments about Liverpool and Manchester working together ….the twin cities make a stronger case than Manchester/Leeds …….but need the rail links between the cities via warring improving ……far cheaper added faster to achieve than linking Manchester and Leeds

By George

Manchester and Liverpool would make a massive force to be reckoned with if they worked more cohesively.
They’re not though. Liverpool is almost refusing and Manchester is doing its own thing in the meantime.
Shame!

By Anonymous