THE biotech cluster specialist signed up five years ago to build the Edinburgh Bioquarter has cut its commitment to the park by one-third, raising fresh questions about the long-term vision for the project.
THE biotech cluster specialist signed up five years ago to build the Edinburgh Bioquarter has cut its commitment to the park by one-third, raising fresh questions about the long-term vision for the project.
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By Steven Vass
Alexandria Real Estate Equities of California, the biggest such operator in the US, has reduced its option to develop the site on the southeastern outskirts of Edinburgh from 924,000sqft to 636,000sqft.
Coming after Alexandria's decision to suspend its commitment to the park due to the economic crisis, it appears to further undermine former Scottish Enterprise chief executive Jack Perry's vision for a £250 million development creating 6500 high-end jobs.
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