13th Oct 2014 06:41
LONDON (Alliance News) - Oxford Biomedica PLC Monday said it has bought the freehold of the Windrush Court office and laboratory facilities in Transport Way, Oxford, for GBP3.2 million, and will move its operations there in stages over the next 18 months.
Windrush Court is a 6,684 square metre facility located directly opposite Oxford BioMedica's current manufacturing facility. The company intends to relocate its laboratories and office activities there in stages before the current lease of the Medawar Centre, Oxford expires in March 2016.
"The purchase of Windrush Court will enable the company to consolidate its entire activities in Transport Way, improving operational effectiveness, and will also provide additional capacity to accommodate the planned growth in business activities. As a result of the expected savings in rental costs and service charges, Oxford BioMedica expects to recover the purchase cost within 4 years," it said in a statement.
By Steve McGrath; [email protected]; @stevemcgrath1
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