Napp Pharmaceutical is poised to massively expand its presence at Cambridge Science Park after agreeing a deal with Trinity College
The pharmaceutical company, which specialises in the development of pain relief drugs, is set to sign a prelet on 120,000 sq ft of extra office space in three buildings next to its existing headquarters.
Napp already has 165,000 sq ft at the 1.75m sq ft park, which is just off Milton Road in Cambridge. The deal comes after the company decided to exercise its option on the adjacent land. It is believed to have agreed a lease from Trinity College at the quoted rent of £25/sq ft on 15-year lease. The transaction is due to be signed by the end of the month.
Bidwells is the acting agent at Cambridge Science Park. None of the parties would comment.