A flaming June saw deals impacting on the Cambridge UK technology cluster hit $2.49 billion, taking the 15-month cumulative total to $35.8bn in Business Weekly’s Cambridge Cluster Deals Digest. It took the Digest monthly average to just shy of $2.4 bn.
Major infrastructure and property transactions added a huge dollop of jam and cream to the cluster’s bread and butter deal accumulator, BioMedTech.
The biggest deals recognised the increasing importance of Cambridge as an international business location.
A prime example, flagging up opportunities for increased transatlantic trade, was the $260 million acquisition by international real estate adviser Savills of Studley, Inc – the leading US independent commercial real estate services firm specialising in tenant representation.
Rob Sadler, head of Savills’ Cambridge office, said the deal was prescient as increasing numbers of US companies eyed the Cambridge technology corridor and the UK generally as potential locations.
It would also help UK companies keen to find bases in America, Europe and Asia through Studley’s global reach, he added...Flaming June Takes Cambridge Deals to $35.8 Billion
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