Lothbury Lands Green Energy Business For Oxford’s Clarendon Quarter

Share LinkedIn Email

Real estate investment manager, Lothbury Investment Management, has
completed the pre-letting of the entirety of the office accommodation at North
Bailey House in Oxford’s Clarendon Quarter, on behalf of the Clarendon Unit

Ryze Hydrogen, a leading supplier of the UK’s hydrogen and hydrogen infrastructure,
has taken a pre-let of all the office accommodation at North Bailey House on a 10-year
term, comprising 22,639 sq ft over basement, ground, first, second, third and fourth
floors equating to £63.00 per sq ft on the office NIA. The building, which is rated
BREEAM ‘Excellent’, offers sustainable, flexible office space and includes a fourth-floor
roof terrace, a breakout space in the ground floor reception area and a range of
stunning design features.

North Bailey House is the first phase of the wider Clarendon Quarter redevelopment.
This comprises the transformation of the former shopping centre which received
planning committee approval last year for a new, landmark 226,547 sq ft mixed-use
scheme, with a 50,279 sq ft high-specification research and development facility,
103,259 sq ft of Grade A office accommodation, 50,147 sq ft of student
accommodation, 22,862 sq ft of retail and leisure units, as well as a new public square.
Completion of the first phase is scheduled for September 2023.

The letting follows the creation of a joint venture between Clarendon LP GP Ltd and
Oxford Science Enterprises, for a pre-let of all the laboratory accommodation within the
second phase of the redevelopment, which is due to commence shortly.

Adam Smith, deputy chief executive at Lothbury Investment Management, said: “North
Bailey House is a landmark development for Oxford. It is constructed with sustainability
at its very heart, achieving BREAM ‘Excellent’ and Net Carbon Zero in its construction. It
will also provide best in class end of journey facilities and ample bike storage, promoting
sustainable work travel, reflected in its Active Score Platinum accreditation for Active
Travel provision. This level of sustainability will make it the hallmark for office
accommodation and is key to Lothbury’s commitment to sustainable development.

“We are delighted that Ryze Hydrogen, leaders in their field and a company committed to
tackling climate change with zero emission fuel technologies, has taken the office
accommodation in its entirety. They are an excellent tenant for this exceptional building,
which forms the gateway to the knowledge cluster we are seeking to develop at
Clarendon Quarter.”

Jamie Burns, Group Chief Financial Officer at Ryze Hydrogen, said: “North Bailey House
is an ideal property for our group of businesses as we accelerate the creation of the new
hydrogen economy. The building’s sustainable standards reflect our own world-leading
net zero mission to decarbonise transportation and industry in the UK and beyond; and
provides the opportunity to bring together our chain of innovative businesses under one
roof in the heart of Oxford.”

The redevelopment of North Bailey House also includes a restaurant/retail unit at ground
and basement levels totalling 5,996 sq ft, which is currently being offered to let as a
whole or part by JLL and Savills. Details are on the website.

Lothbury was represented by Bidwells and Savills. Ryze Hydrogen was represented by

Important notice

This is the website of Lothbury Investment Management Limited of 1 Angel Lane, London, EC4R 3AB, United Kingdom, a company registered in England with registered number 04185370. Lothbury Investment Management Limited (or “LIM”) is authorised and regulated by the Financial Conduct Authority in the United Kingdom.

Lothbury Investment Management Limited is the manager of the Lothbury Property Trust ("LPT") and the Lothbury Global Feeder LP ("LGF") (together, the “Funds”). LPT is a sub-fund of the Lothbury Global Institutional Funds, which is regulated by the Central Bank of Ireland. LGF was established as a limited partnership in Jersey under the Limited Partnerships (Jersey) Law 1994 through the filing of a declaration of limited partnership. The Funds are alternative investment funds (“AIFs”) for the purposes of the Alternative Investment Fund Managers Directive (2011/61/EU) (the “Directive”). LIM has been appointed and acts as alternative investment fund manager (“AIFM”) in respect of the AIFs. For these purposes, LIM is authorised and regulated in the United Kingdom by the Financial Conduct Authority for the purposes of managing unauthorised AIFs (and for various other activities). The Funds are also unregulated collective investment schemes for the purposes of the United Kingdom Financial Services and Markets Act 2000 (the “Act”).

Restrictions on Access

Certain jurisdictions may restrict by law access by their residents or nationals to the information on this website. The contents of this website are not intended to be accessed by, distributed to or used by residents or nationals of such jurisdictions. It is the responsibility of any person accessing this website to satisfy itself that its use of the website complies with the laws of any relevant jurisdiction. Under United Kingdom legislation, the promotion of units in the Funds by LIM is restricted by section 238 of the Act. The promotion of units by the Funds themselves or, in the case of LPT, by its trustees in the UK is restricted by section 21 of the Act. Accordingly, the information on this part of the website is directed only at and should only be acted on by:

  1. persons who are outside the UK;
  2. investment professionals within the meaning of Article 14(5) of the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001 (the “CIS Exemptions Order”) and Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Financial Promotion Order”), which includes persons whose ordinary activities involve him in participating in unregulated schemes for the purposes of a business carried on by him; and/or
  3. high net worth organisations to whom Article 22 of the CIS Exemptions Order and Article 49 of the Financial Promotion Order apply. This includes companies or partnerships with net assets of GBP 5m or more and trustees of trusts with assets of GBP 10m or more); and
  4. others to whom it may lawfully be directed.


The purpose of this website is to provide general information about Lothbury Investment Management Limited and the Funds. The Funds and Lothbury Global Feeder Limited but not any investors in these entities are clients of Lothbury Investment Management Limited. Nothing on this website is investment, tax or legal advice, nor is anything on this website a placement or offering to buy or sell units or any other investment. Tax treatment depends on individual circumstances and may be subject to change in the future. You should take your own independent investment, tax and legal advice as you think fit.

Please be aware that ultimately interests in the Funds may only be acquired by professional investors. A professional investor, for the purposes of LGF, is every investor that is considered, or may be treated, based on a request to LIM (as the AIFM), as a professional client or an eligible counterparty as those terms are used in exemption 7 of COB 4.12.4 of the Handbook of rules and guidance issued by the Financial Conduct Authority of the United Kingdom. A professional investor, for these purposes of LPT, is every investor that is considered, or may be treated based on a request to LIM (as the AIFM), as a professional client within the meaning of Annex II of the Markets in Financial Instruments Directive (2011/61/EC).

Subject to applicable law and satisfaction of any relevant notification or other requirement the Funds may be marketed (within the meaning of the Directive) within certain jurisdictions in the European Economic Area ("EEA"). Potential investors can request details of such jurisdictions from LIM. LGF is intended for persons who are not established or resident in the United Kingdom.

The information contained in this section does not constitute an offer or solicitation to any person or entity which is United Kingdom Resident for tax and investment purposes, to buy or sell shares or any other security whatsoever in other jurisdictions where it would be unlawful to do so, including but not limited to, Ireland and the United States of America.

Please tick that you have understood and accept the important notice set out above and agree to the matters addressed in it.