Bruntwood SciTech picked for Sciontec Liverpool scheme

Sciontec Liverpool, a £12m development company aiming to grow the city region's science and technology sectors, has selected Bruntwood SciTech as the preferred bidder to become its private investment partner. Bruntwood SciTech, a joint venture between Bruntwood and Legal and General, will acquire a 25% stake in the development company and become the fourth shareholder. Other shareholders include Liverpool City Council, Liverpool St John Moores University, and the University of Liverpool. Sciontec Liverpool aims to expand its asset value beyond £40m in the next 12 months. It will refurbish and expand Liverpool Science Park and develop the 160,000sq ft office