Ambassador Group has announced the official groundbreaking on a £15 million “landmark” development on one of its properties at the campus.
An extension of 50,000 square feet will lead to a 30 per cent increase in floor space. Construction is being led by Muir Construction and it is expected that the extension project will take about 15 months to complete.
As part of the growth plans, Ambassador has also signed a new long-term lease extension with its tenants over the increased 165,000 sq ft state-of-the-art facility, strengthening Scotland’s position as a “global leader in life science research”.
Some 1,100 people are currently employed within the building.
Chris Richardson, managing director of Ambassador Investments, said: “Ambassador Group is investing heavily in this landmark development, which is great for the local economy and for the wider Scottish economy.
“We recognise that to keep businesses that offer a fundamental service, we must grow and evolve with them, so we are pleased to be delivering a site that will secure their future here for years to come.”
He added: “This latest investment reinforces Scotland’s position as a global leader and is testament to the skilled workforce and diversity of the Scottish life science sector which continue to grow here in Scotland. We are delighted to play our part in ensuring its future.”
Other partners working with Ambassador Group to deliver the project are Thomas & Adamson, CBA Quantity Surveyors, Woolgar Hunter, Harley Haddow, BMJ Architects, DWF, Savills Planning and Santander.