Development and regeneration in Barking and Dagenham

Negotiations underway for business-east buyer

By James Renoux-Wood - Tue 6 May 2014, 3:39 pm

A frontrunner has emerged for the purchase of the 6.8-ha science and business park in Dagenham, formerly owned by global pharmaceutical manufacturer Sanofi.

Site Operations Group, the lead consultants on the regeneration project at the park – business-east – which will see approximately 41,800sq m of research and development laboratories let to science and technology companies, has now emerged as potential buyers of the site, according to the Barking and Dagenham Post

Finding a buyer has been a priority since Sanofi closed its doors after 80-years of manufacturing at the plant last year. The science park sits within a wider development site, of which four hectares has been bought by retail giant Sainsbury’s.

An NHS health facility, hotel and retail park have also been granted planning permission. Sanofi's former sports fields were donated to the local community through the May and Baker Eastbrook Community Club charitable trust last December.

Jim Moretta, Sanofi’s Dagenham site leader, said: “Retention of these superb science buildings has been at the very heart of our site regeneration programme.

“We believe these fantastic facilities, which have been vital to the production of Sanofi’s oncology drugs, can be adapted for use by other science and technology companies to create a centre of scientific excellence in east London.”

<

Share

Latest News

City to acquire power station site

The City of London Corporation is about to buy Barking Power Station site in east London for around 125 million, according to Property Week.

Mayor's funding pledge for council homes

A £25 million grant for Barking and Dagenham Council will help it support new housebuilding over the next four years.

Council leader lauds Beam Park approval

Councillor Darren Rodwell, the leader of Barking and Dagenham Council, has welcomed the decision to approve the proposed Beam Park…