Blackstone plans £850m Cambridge life science park expansion

Aaron Morby 3 years ago
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Investor Blackstone has revealed plans to spend £850m building  800,000 sq ft of purpose-built lab space in Cambridge.

Cambridge International Technology Park masterplan
Cambridge International Technology Park masterplan

It’s BioMed real estate arm has acquired Cambridge International Technology Park (CITP), a 15-acre site on Fulbourn Road, and a 27-acre land plot at Granta Park from The Welding Institute (TWI).

The proposed two new sites, which are still subject to planning consent, will double the investor’s UK life sciences portfolio.

BioMed’s two new sites would meet the growing demand for space among technology, science and knowledge-based companies to create vaccines, develop new treatments and help respond to major global health challenges.

Granta Park plans

Bill Kane, President, East Coast & UK Market at BioMed Realty, said: “BioMed is proud to meet the needs of this truly dynamic industry, helping companies to incubate, scale up and grow.

“These new developments at CITP and Granta Park will provide much needed life science space for existing and new companies, further advancing Cambridge as a global home for research while supporting the local economy.”

 

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