Federated Hermes puts Milton Park stake up for sale
Federated Hermes has appointed CBRE to sell a 50 per cent stake in Milton Park, a 122-hectare freehold science and technology park near Didcot.
The stake, believed to be the BT Pension Scheme's, represents about £400 million of the park's £800 million total enterprise value, as estimated by CBRE.
CPP Investments owns the other half, which it bought from Hermes for about £200 million in 2017.
The park has about 269,000 sq m in 87 buildings, including 59,000 sq m of laboratories, and about 280 occupiers.
In October 2025, Barings, with HSBC UK, provided a five-year £376 million loan.
It is the first time the park has been openly marketed since 1984.
Milton Park real estate deals
Milton Park features regularly in our newsletter. Users of our database can simply search for "Milton Park" as shown above. Nineteen deals instantly appear on their screen. Here is the first sentence from one of those deals:
Wild Bioscience, a University of Oxford spin-out focused on AI-enabled precision-bred crops, has expanded to around 16,000 sq ft of laboratories and offices at Milton Park, Didcot, following a £45 million Series A funding round led by the Ellison Institute of Technology Oxford.