Railpen, manager of the £34bn railways pension scheme, has been granted consent by Oxford City Council to redevelop Eastpoint Business Park in the city to create a 200,000 sq ft market-defining life sciences campus.

Railpen, the investment manager responsible for the safekeeping and administration of over £37 billion AUM for several pension schemes, has bought Eastpoint Business Park, an Oxford life-science asset. The strategic addition to its life sciences portfolio is Railpen’s first entry into the Oxford market and follows significant investment in the Cambridge innovation sector