Norwich Research Park has agreed a new investment partnership with Vengrove to construct new laboratory and office accommodation at the park.
The partnership will deliver space that meets the evolving needs of both current and prospective tenants across the agri-biotech, food biotech, industrial biotech and MedTech market sectors.
Andrew McLean, partner and head of development at Vengrove, said: “We are very excited to be embarking on this new partnership with the research community at Norwich Research Park. With the potential to deliver 75,000 sq m of market-leading accommodation, we are looking forward to supporting the brilliant science that takes place by providing facilities that will help the transition from bench to boardroom and playing our part to unlock positive economic and social impact for the regional economy and tackling the big global challenges.”
Roz Bird, CEO of Anglia Innovation Partnership, added: “This is a really significant milestone for the research campus. It will enable us to activate existing planning consents and supply new, flexible laboratory and office accommodation to meet market demand. With the park full of exciting high-growth companies, the time is right to create new accommodation that will be needed to meet the demands of growing companies and help attract and retain companies that want to benefit from being located at Norwich Research Park. With national asset status in engineering biology, and now with access to the necessary real estate investment, Norwich Research Park’s growth trajectory is ensured.”
Professor David Maguire, vice-chancellor of the University of East Anglia, said: “This is a really exciting partnership that will aid the expansion of Norwich Research Park at a crucial time when growth and innovation have never been more important. This is a very positive development to take forward the research park into a new era and I warmly welcome it.
“We very much take a long-term view across our portfolios which means our clients get our full commitment and a stable environment in which to work. Norwich Research Park is undoubtedly world-class in its fields of science and now, with the support of Roz and the team and board at Anglia Innovation Partnership, we are going to build world-class facilities that will attract further exciting high growth companies to the campus.”
