US property giant committed to Cambridge life science growth

  1. Home
  2.  » 
  3. News
  4.  » US property giant committed to Cambridge life science growth

Blackstone company BioMed Realty will work with local planners in a bid to revive support for a development crucial to the Cambridge and UK life Science community and which could trigger 3,000 new jobs in the sector.

Prime Minister Boris Johnson has backed BioMed Realty’s plans to build the Cambridge International Technology Park, off Fulbourn Road but local planners refused the application last month, citing unacceptable impacts on traffic and landscape. In so doing, they put at risk massive investment in life science facilities crucial to the continued evolution of Cambridge BioMedTech and UK GDP.

The UK government fears that companies looking to put down roots in Cambridge will go abroad if their demands for lab and office space cannot be met.

Luckily for Cambridge, and for the PM’s crumbling credibility, the US real estate world leader is refusing to give up on the development.

Blackstone and BioMed Realty decline to go on the record with their reaction to the initial planning rejection. It wants to help Cambridge remain one of the UK and the world’s premier life science markets. 

Contact Us

Latest News

The Green Business Programme

The Green Business Programme

A Green Business Programme has launched to help businesses across Cambridgeshire reduce their carbon footprint, increase energy efficiency and work towards Net Zero   It has been created by Cambridge City Council, Huntingdonshire District Council, South...

21towatch List Announced

21towatch List Announced

Organised by leading tech and PR company, Cofinitive -21towatch is back! #21toWatch is a dedicated campaign to showcase and highlight the maybe lesser known, recognising those exciting new entries across all market sectors, and celebrating the very best work going on...

Fenland Start-Up Business Support Programme

Fenland Start-Up Business Support Programme

People with an idea for a start-up business, or those who own a business that has been trading for less than 12 months, can apply for a free help and support programme, which includes a grant of up to £10,000. Fenland District Council is delivering the Fenland...

There are no upcoming events at this time.