A £35m new home for Cambridge life sciences firms

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26/04/2017

New buildings to house up-and-coming Cambridge life sciences firms are to be constructed thanks to a £35m alliance between two of the city's research parks.

Biomed Realty, which owns Granta Park, has signed a long-term lease on eight acres of land at Babraham Research Campus, which is owned by the Biotechnology and Biological Sciences Research Council (BBSRC), where it will construct the two new buildings for growing biotech firms.

Derek Jones is chief executive of Babraham Bioscience Technologies (BBT), which runs the Babraham Camupus.

He said: "Over the years, we have had a very good relationship with BioMed Realty at Granta Park, recognising the potential synergies between the two sites. This is a natural extension of that relationship.

"This inward investment in buildings on the site will support those growing scale-up companies who wish to be part of our campus community but are seeking larger premises than we are currently able to provide. We are excited by the opportunities this brings to continue to grow and develop the campus, and to support the world-leading life science businesses in the Cambridge region."

The buildings will cost approximately £35m to build, and provide 108,000 sq ft of integrated laboratory and office facilities. They will host life science companies requiring grow-on space and take advantage of the distinct environment and community at the campus. After construction, which is anticipated to begin by the end of 2017 and be completed in the second quarter of 2019, it is expected that BBT will manage the property on behalf of BioMed Realty.

"We are very excited about our partnership with BBSRC and the BBT to expand the Babraham Research Campus and our presence in the world-renowned Cambridge, U.K., life science market," said Tim Schoen, CEO and president of BioMed Realty.

"Our commitment to Cambridge was forged in 2012 at Granta Park, which we have since enlarged by 250,000 square feet. We pledge to assemble the strongest, most knowledgeable team in the industry to deliver exceptional, state-of-the-art research facilities to foster the ground-breaking science happening at the Babraham Research Campus."


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