NEW DEAL FOR ALDERLEY PARK

Manchester Science Parks has exchanged contracts on AstraZeneca`s 400-acre Alderley Park research base in Alderley Edge.



MSP, which is also planning to triple the size of its main centre near Manchester University to 1.1 million sq ft over the next 10 years, said the deal would “catapult” it to the forefront of commercial life sciences in the North.

The acquisition has been mainly funded by Bruntwood which holds 51% of MSP, but cash has also come from Cheshire East Council and MSP, whose other shareholders are the universities of Manchester and Salford, Manchester Metropolitan University and the city council.

Cheshire East`s involvement will see it taking 10% of the Alderley Park venture and 3% of MSP. The value of the transaction was not disclosed but bids for the site were thought to have ranged from

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