UBS and Reef complete Stevenage land deal for 2.5m sq ft lab scheme

Stevenage

UBS Asset Management and Reef Group have completed the purchase of development land that sits alongside GSK’s 1m sq ft research and development scheme in Stevenage.

UBS Asset Management and Reef Group, which bought the site from the pharmaceutical giant, are set to invest up to £900m to develop the 33 acres of land adjacent to GSK’s R&D hub to create a combined campus of 2.5m sq ft of laboratory and office facilities.

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