BioQuarter on the rebound with two more tenancies

By PETER RANSCOMBE
Published on 23/07/2012 00:00

Two more companies have taken space at Edinburgh BioQuarter as Scotland’s flagship science park bounces back from an American property developer reducing its involvement with the project.

Drug discovery outfit TPP Global
Development and MV Diagnostics, which makes medical testing kits for goats and sheep, are each taking space in Nine, the “bio-incubator centre” built at the science park by Scottish Enterprise.

The original plan was for California-based science park developer Alexandria Real Estate Equities to construct and run the £24 million building,
but the firm scaled back its overseas work in 2008 after the global financial crisis.

Scottish Enterprise and the UK government’s Department for Business stepped in to fund the construction of the centre in a 50-50 joint venture.

Fios Genomics became the first tenant for Nine in February when it moved to the site from the technology transfer centre at Edinburgh University’s King’s Buildings.