The 85,000 sq ft Dirac Building will provide new office space alongside an associated Transport Hub.

Construction data specialist BarbourABI values the project at £50m with other bidders understood to have included Bowmer and Kirkland, Vinci and McLaughlin & Harvey.

Work will begin on site in November with completion scheduled for Q2, 2027.

Stuart Deverill, VolkerFitzpatrick’s Building Division, Managing Director,said: : “This development exemplifies our commitment to building sustainable, high-quality spaces that meet the needs of forward-looking businesses.

“With our strong track record and experienced team, we look forward to bringing this important next chapter of St John’s Innovation Park to life.”

The project is supported by: Gardiner & Theobald (Project Manager), Sheppard Robson (Architect), Ramboll (Structural, Civil & Highways Engineering), Hoare Lea (Building Services Engineering), Stace (Cost Manager), Savills (Town Planning & Commercial Advisory), and OFR (Fire Engineering).

Owned by St John’s College, St John’s Innovation Park is home to world-class science, technology, and knowledge intensive organisations including PwC, Darktrace, Cambridge GaN Devices, and Cambrionix.

The Dirac Building marks the latest phase in a sustained programme of investment and development at the Park, which continues to play a leading role in the North Cambridge R&D cluster.