CB1 – the new city quarter for Cambridge

News

12 December 2018

International recognition for CB1

Cambridge’s emerging tech hub is being noticed across the pond.

The New York Times recently reported on how the big players of California’s Silicon Valley - Amazon, Apple, and Microsoft have set up camp in Cambridge to take advantage of the city’s talent pool and the existing industry here; there are currently more than 4,500 high-tech firms in Cambridge employing around 75,000 people.

CB1 in particular, with its proximity to the station and its offer of large, high-quality office space, is becoming a nationwide hub of technological innovation. Samsung, which has taken 16,500 sq ft of 50/60 Station Road, is supplementing its existing Cambridge headquarters on Cowley Road with this new workspace at CB1 to house a dedicated team developing Artificial Intelligence (AI) technologies. This is part of Samsung’s recently announced commitment to invest £17bn in ‘growth areas’, including AI, and increase its number of AI researchers to 1,000 across the globe.

Alongside new arrivals to CB1, Centrica, the company behind Hive smart home devices, have been at 30 Station Road for a while, and now decided to move within CB1 to larger offices at 50/60 Station Road to accommodate their growing business. Retention of existing firms is a stamp of approval for CB1 which is fast becoming Cambridge’s Central Business District. Tech companies with already-established offices in CB1 include Amazon, who moved into a 60,000 sq ft office at One Station Square at the beginning of 2017, Microsoft Research and Thales.

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