Prologis has secured planning consent to deliver a new 112,604 sq ft life sciences facility at Cambridge Biomedical Campus (CBC).
The six-storey facility at 4000 Discovery Drive will provide lab and office space and form part of Phase 2 of the campus development.
In February this year, Cambridgeshire County Council agreed a partnership with Prologis to deliver Phases 3 and 4 of expansion at CBC, creating an additional 2.4m sq ft of life science research, development and innovation space.
Paul Weston, regional head of Prologis UK, said: “Prologis has been investing in the UK life sciences sector for over 20 years, providing the critical infrastructure necessary to ensure that businesses have the modern, sustainable facilities they need. Cambridge Biomedical Campus is globally renowned for innovation in life science and our significant investment over the next two decades will help to cement the campus’ position, whilst delivering lasting economic and health benefits for the people of Cambridge and UK more widely.”
Paul Bristow, mayor of Cambridgeshire and Peterborough, added: “The approval of 4000 Discovery Drive is a clear vote of confidence in Cambridge and the UK’s life sciences economy. By investing ahead of demand, Prologis continues to ensure that world-leading organisations can access the sustainable, specialist space they need to choose Cambridge, grow here and remain in the UK.
“Bringing forward the final consent on the commercial building in Phase 2, while advancing the investment partnership with Cambridgeshire County Council on Phases 3 and 4, demonstrates the power of long-term public-private collaboration to unlock nationally important infrastructure, attract global investment and create high-value jobs. This is the ambition and delivery our region and the country needs, I welcome and support the commitment Prologis continues to deliver.”
