BioMed Realty has completed the letting of a 34,000 sq ft purpose-built, fully fitted wet laboratory building on the Babraham Research Campus ahead of scheduled completion.
Global biopharmaceutical company Insmed Incorporated has agreed to take 17,000 sq ft, Xap Therapeutics has leased 10,000 sq ft and Mosaic Therapeutics has signed for 6,800 sq ft.
The building, which is due for completion in February next year, is the latest life science addition to the Babraham Research Campus and is a collaborative endeavour undertaken in a joint venture with Babraham Research Campus Ltd, which is responsible for the development and management of the campus on behalf of its shareholders BBSRC-UKRI and the Babraham Institute.
Bill Kane, BioMed Realty president of East Coast and UK markets, said: “BioMed Realty’s latest lease announcements encapsulate the ethos of Babraham Research Campus – a location that continues to provide critically undersupplied research and development grow-on space for life science start-ups and scale-ups. By investing in the mission-critical facilities that will help nurture innovation, our joint venture with Babraham Research Campus Ltd will help provide the UK’s life sciences industry with a path for growth and allow the sector to continue competing globally.”
Derek Jones, CEO of Babraham Research Campus added: “Our dynamic and highly connected campus ecosystem provides a supportive community for discovery research and an ideal environment within which to start, scale and grow a bioscience business. Shared knowledge, skills and access to scientific facilities not always readily available elsewhere has created an environment which truly supports, nurtures and facilitates job creation and the discovery of treatments and technologies today, which will have a real impact on the health of the population tomorrow.
“Our ongoing development of the campus is designed to continually enhance our exceptional campus ecosystem. This provides opportunities for ventures to start and scale with us, responding to requirements as they evolve with the right physical facilities, as well as access to our wider, hugely collaborative community, both on and off campus.”
Cheffins advised BioMed Realty.
