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Flex operator and TR Property buy Cambridge office for £6.5 million

The deal comes days after Homes England bought the 700-acre Cambridge Airport site next door
ASC Building
ASC Building
By Victoria Barnes
CoStar Research
June 18, 2026 | 10:27 AM

A joint venture between TR Property Investment Trust and Mantle Space, a Cambridge-based flexible workspace operator, has acquired the ASC Building on Newmarket Road for £6,475,000, reflecting an initial net yield of 10.75% and a capital value of £247 per square foot.

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