Updated on 21 March 2014
The sale is part of AstraZeneca's plan to establish new global R&D centre and corporate headquarters in Cambridge, UK
Singapore: The sale is part of AstraZeneca's plan, set out in March 2013, to establish a new global R&D centre and corporate headquarters in Cambridge, UK, in 2016.
Mr Pascal Soriot, CEO, AstraZeneca, said, "We believe that the sale of the site to Manchester Science Parks is the responsible and sustainable choice for the future of Alderley Park. The new owner is committed to building on AstraZeneca's life science legacy at the site and ensuring it remains a centre of biotechnology innovation in the North West of England. It will lead to future growth and offer significant opportunities for new jobs to be created."
The new owners plan to build on Alderley Park's heritage of scientific innovation, ensuring that the 400 acre site remains a life science and biotechnology campus.
The financial terms of the transaction are not disclosed.