LONDON, UK, May 11, 2026 – AVEVA, a global leader in industrial software, driving digital transformation and sustainability, announced plans to invest approximately £30 million from 2026 to 2027 in its global headquarters and research and development centre at Cambridge Science Park. This site will bring together more than 500 roles in one innovation hub, supporting the company’s next phase of AI-driven growth.
The facility, 101 Cambridge Science Park, which is being owned by funds managed by Morgan Stanley Real Estate Investing (MSREI), will bring together more than 500 roles in a single innovation hub, supporting AVEVA’s next phase of AI‑driven growth. With approx. 80,000 sq ft of space, this is one of the largest leasing transactions in Cambridge in recent years and is testimony of Cambridge Science Park’s leading position as a destination for innovation-led businesses in the UK.
Construction is already underway with the facility expected to be fully open in summer 2027. Teams will partly occupy the space beginning September 2026, with a full transition in advance of the official opening.
The development will expand AVEVA’s Cambridge footprint creating an environment that fosters collaboration, accelerates innovation and supports long-term growth in one of the world’s leading technology and research clusters. It combines high-quality, modern design with strong sustainability credentials, reinforcing the company’s approach to responsible growth. As part of its high-specification design, the site will include a state-of-the-art, multi-purpose meeting and demonstration centre to showcase advanced technologies and enable closer collaboration with customers and partners.
The site will embody best‑in‑class environmental and social outcomes by design and serve as a global flagship showcasing the company’s ambition to continuously elevate its real estate into living demonstrations of sustainability.
In addition, the hub will play a central role in advancing AVEVA’s Industrial Intelligence strategy by bringing together talent and capabilities to help customers leverage software, data, and AI to drive more efficient, resilient and sustainable operations. It will also bring together a broad mix of talent and functions, including a cohort of graduates reflecting continued investment in a strong early careers pipeline.
AVEVA remains committed to its Cambridge location based on its long-standing heritage in the city, its close ties with the University, and its global reputation as a centre for research, science, engineering, software, and innovation. This decision follows an extended period of evaluating different locations in Cambridge, reflecting the company’s thoughtful, long-term commitment to the region.
Caspar Herzberg said: “Our investment in Cambridge reflects the exceptional talent, growth and Industrial Intelligence capabilities that define the region. This also aligns with the long-term vision that has established ‘Silicon Fen’ as a global technology leader.”
Dr Andy Williams, Chair of the Oxford-Cambridge Supercluster Board said: “AVEVA’s investment is a strong vote of confidence in Cambridge and in the wider innovation economy. Bringing more than 500 high-value roles together in a new research and development hub at Cambridge Science Park will further strengthen the Oxford-Cambridge supercluster’s position as a global centre for science, engineering, software and AI. It also underlines the importance of backing places where world-class talent, research and industry can come together to drive long-term growth and innovation.”
Dan Thorp, CEO of Cambridge Ahead said: “AVEVA’s investment demonstrates Cambridge’s enduring competitive edge as a global innovation and investment hub in the UK. In today’s global marketplace we cannot underestimate the value of companies like AVEVA continuing to invest in high-value tech and building the UK’s research and development expertise. This major commitment to Cambridge further fuels the city’s ambitious plans for long-term success”
Tim Breitenstein, Co-Head Europe, Morgan Stanley Real Estate Investing, said: “We are very proud of this partnership with Aveva which we strongly pursued over the last 18 months, with the purpose of reinforcing Morgan Stanley presence in Cambridge. Morgan Stanley Real Estate Investing is committed to drive returns to its investors through active asset management as demonstrated by this transaction.”
To mark this next chapter, AVEVA will launch its Drive to AVEVA World journey from Cambridge, with CEO Caspar Herzberg, CMO Marco Mueller, and EVP R&D Iju Raj joining employees for the send-off the branded Porsche Cayenne EV. Drive to AVEVA World is a new initiative to showcase how different industries are using digital insight to drive efficiency and automation at scale. It has been designed to celebrate AVEVA’s new technology partnership with Porsche Motorsport, providing their industrial software to support the performance of the Porsche Formula E team.
About AVEVA
AVEVA is a global leader in industrial software, sparking ingenuity to drive responsible use of the world’s resources. Over 90% of leading industrial enterprises rely on AVEVA to help them deliver life’s essentials: safe, reliable energy, food, medicines, infrastructure and more. By connecting people with trusted information and AI-enriched insights, AVEVA helps them engineer capital projects more efficiently, operate better and create sustainable value, from the plant to the cloud and beyond. Through our industrial intelligence platform, CONNECT, and our trusted and secure information management applications enriched with industrial AI, AVEVA empowers businesses to drive deeper collaboration between teams and to accelerate insight across their ecosystem of suppliers, partners and customers.
Named as one of the world’s most innovative companies, AVEVA’s open solutions draw on the expertise of more than 6,000 employees, 5,000 partners and 5,700 certified developers. The company, which has operations around the globe, is headquartered in Cambridge, UK. Learn more at www.aveva.com.
