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£120m deal struck to buy BioCity laboratory park group


£120m deal struck to buy BioCity laboratory park group
A new company will run science parks in Glasgow, Aberdeen and across England
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BioCity has been bought in a £120m deal, creating the UK’s biggest life sciences business park group.
US property firm Harrison Street and UK property collective Trinity Investment Management joined forces to buy the science incubator and business unit group. ....

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Details revealed of £2m investment at Wilton Centre on Teesside


Nearly £2m is being spent on a new reception, entrance area and main restaurant at the Wilton Centre near Redcar
Details of a major investment programme at Wilton Centre – the home of business and science on Teesside – have been unveiled.
Nearly £2m is being spent on a new reception, entrance area and main restaurant at the 75-acre site near Redcar. There will also be another new restaurant and collaboration space near the Technical Development Area.
Jeroen Houtzager, director of Trinity Investment Management, which owns Wilton Centre and four other UK science parks, said: “One of the major strengths of this network of parks, which we call The Knowledge Factory, is the relationships between businesses. We have listened to our tenants who said that collaboration and breakout spaces are a major benefit to their staff. ....

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