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.
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.”