Oxford North Ventures has secured its first tenant at the £1.2 billion Oxford North global innovation district, with international law firm Mishcon de Reya’s Thames Valley Team taking 3,500 sq ft of office space in The Red Hall — the flagship building of the recently launched first phase.
The five-year lease marks the first letting at Oxford North, a landmark science and technology campus designed to power the future UK innovation economy. The first phase comprises 158,500 sq ft across two purpose-built laboratory buildings and The Red Hall, offering precision-engineered space for science, technology, and advanced industry occupiers.
Located at the heart of the 64-acre site, The Red Hall totals 33,000 sq ft of workspace across four floors, with an 80-seat café and 100-seat town hall, overlooking Fallaize Park and Fallaize Square.
Remaining office suites start from 3,000 sq ft, while the laboratory buildings offer units from 2,000 sq ft up to 56,000 sq ft — including 13,500 sq ft currently being fitted out and available in December.
Mishcon de Reya’s Oxford-based team works across life sciences, healthcare, defence, AI, blockchain, deep tech, and energy sectors. The firm advises clients including Oxford Colleges, Lola Cars, Future Planet Capital, Mindfoundry, and Nucleome Therapeutics. In 2024 alone, it supported 181 fundraising transactions totalling £1.2 billion, 80 per cent of which involved clients within the Oxford–Cambridge–London ‘Golden Triangle.’
Kevin Darvishi, Head of Leasing at Stanhope, said:
“Securing a blue-chip occupier at Oxford North is a strong endorsement of our vision to create the UK’s leading purpose-built regional innovation campus. We look forward to welcoming Mishcon de Reya and the collaboration opportunities this will bring.”
Nicola McConville, Partner at Mishcon de Reya, added:
“The Red Hall offers the ideal environment for us to collaborate, grow and support our clients in the evolving innovation landscape. Together with our offices in London and Cambridge, we are well positioned within the Golden Triangle of innovation excellence.”
Oxford North is being delivered by Oxford North Ventures—a joint venture between Thomas White Oxford (the development company of St John’s College), Ontario Teachers’ Pension Plan, and Stanhope.
When complete, the district will provide up to 1 million sq ft of lab and office accommodation alongside housing, retail, and public realm space, setting a new benchmark for Oxford’s innovation ecosystem.
Savills acted on behalf of Oxford North Ventures.
