MAGDALEN College is searching for a strategic partner at its science park.

The college owns The Oxford Science Park (TOSP), with the search for a partner designed to accelerate development at the park.

TOSP currently has approximately 250,000 sq ft of existing leased and managed buildings.

Its 14.75 acres of development land has capacity to add a further 420,000 sq ft to support the growth of existing occupiers and enable new companies to join the campus.

See also: Hearing into rejected Lidl store to take place this month

Rory Maw, bursar at Magdalen College, and director of TOSP, said: “Our role is to support the growth ambitions of existing occupiers, providing flexibility with their space requirements, and others wanting to join this unique and collaborative community.

“We believe a strategic partnership provides the most attractive mechanism to raise capital to accelerate the timetable for developing additional capacity to meet unprecedented demand and to further the discovery, innovation and entrepreneurship taking place at The Oxford Science Park.”

The college is being advised in its search by real estate company Cushman & Wakefield.