U.S. Life Science Property Specialist appointed to drive Scotland's Bioscience Industry
Scottish Enterprise announced that is has formed a strategic alliance with North America's life science property specialist to develop one of Europe's top centres for biomedical research and development. Alexandria Real Estate Equities, Inc. has been selected as the development partner for the commercial research campus at the Centre for Biomedical Research, a collaboration between Scottish Enterprise, the University of Edinburgh and NHS Lothian.
Development at the Little France site on the outskirts of Edinburgh is expected to generate £250 million of investment and create 6,500 new jobs. Planning permission has already been granted for approximately 1.4 million square feet of academic, institutional and commercial life science space on the 100 acre site. Alexandria has exclusive rights to develop a top life science cluster for a broad spectrum of bioscience entities. Working in partnership with the National Health Service and the University of Edinburgh, Scottish Enterprise and Alexandria shall capitalise on the strong existing life science infrastructure to create a world-class destination that will connect Scotland to the world's most important life science markets.
The campus is being rebranded as Edinburgh BioQuarter with Alexandria and Scottish Enterprise aiming to create one of the most internationally attractive clusters for the life science industry, joining the elite club of top world-wide locations such as, Biopolis in Singapore, Mission Bay in San Francisco , Technology Square @ MIT in Cambridge and Novum Biocity in Stockholm. Once complete, the project is expected to generate an additional £350 million per annum for the Scottish economy.
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