BioMed Realty to Build 600K-SF of Lab Space at Cambridge International Technology Park
600,000 square feet to be built on 15-acre site
BioMed Realty received approval on plans to deliver 600,000 square feet of purpose-built laboratory space in Cambridge. The company will deliver the new development on the 15-acre Cambridge International Technology Park site, which it acquired in September 2021.
The company expects the new development to create 2,700 highly-skilled jobs. It will incorporate a number of technologies to reduce energy consumption and improve water usage, resulting in significant carbon emission reductions.
The development is targeting a BREEAM Excellent score and a notable net gain in biodiversity. To meet increased tenant demand, construction could begin as early as the new year, with the first phase delivered in 2024.
BioMed entered the Cambridge, UK, market in 2012. Across the company’s two major campuses in the city, BioMed supports more than 30 life sciences companies, ranging from start-ups to established companies.