Business Weekly - Cambridge, UK

PPD, Inc., a global contract research organisation with more than 10,400 professionals worldwide, has signed a 10-year agreement to prelet an additional 40,000 sq ft at Granta Park in Cambridge.

This marks the second time in five years that the company has expanded its operations at the 600,000 sq ft science park. 

Construction is expected to begin in the second quarter of 2008. The expansion will be completed by autumn 2009 and will include office areas and a training suite. Once complete, PPD will occupy 90,000 square feet at the Cambridge facility.

PPD moved into Granta Park in 2002 when it took 28,500 sq ft in its first prelet. The first expansion, called PPD Phase II, was completed in 2005 and added 22,000 sq ft.
 
Chris Neild, vice-president of finance for PPD told Business Weekly: “With demand growing for our drug development services, now is the right time to expand to enable us to continue to meet our clients’ needs.

“Over the years, we have developed a good working relationship with the Granta Park team and we have been very pleased with the design and development process.”

With offices in 31 countries, PPD provides discovery, development and post-approval services as well as compound partnering programmes. Its clients and partners include pharmaceutical, biotechnology, medical device, academic and government organisations. 

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