Work on the 40,000 sq ft purpose-built building with new fitted laboratory space will create 265 new local construction jobs

The building will see BioMed’s footprint at the campus in Cambridge grow to more than 130,000 sq ft across three buildings.

Tim Schoen, BioMed Realty CEO said: “The Babraham Research Campus is a truly unique offering and it plays a key role in the life science ecosystem of Cambridge.

“Together, we are working to expand the ethos of the campus by providing critically undersupplied research and development space for scale-ups, with the ultimate goal of helping to grow the Cambridge market, the life science industry and employment in the UK.”

Construction on site will begin imminently with completion in Q4 2023.