ADC To Make £8m Investment In The Future At Deeside Industrial Park
Deeside Industrial Park is a full house after ADC Biotechnology claimed the largest and final vacant unit
We are pleased to announce the letting of the largest and last remaining unit at Deeside Industrial Park to ADC Biotechnology.
The news comes after the anti-cancer drug developer secured £8m of funding to support the construction of a pharmaceutical manufacturing facility on Deeside.
The 70,248 sq ft unit, formerly used for pharmaceutical manufacturing, will now be at the heart of an exciting expansion programme for ADC, enabling the company to manufacture antibody drug conjugates in all clinical phases and to provide small-scale commercial production.
ADC Bio will utilise surrounding land and work closely with our asset management and property management team on future redevelopment. It was let for a term of 20 years at a headline rental of £4.00 per sq ft.
The high-growth, specialist contract services company’s Chief Executive Charlie Johnson said that the first stage of development would be to fit out the existing unit for First in Man and advanced clinical trials.
As part of the fit-out, ADC Bio will relocate its existing R&D activities from its current location at St Asaph Business Park.
A statement from ADC read: “We look forward to working with the FIREM team on this initial project which is set to bring another 50 highly skilled jobs to Deeside. We anticipate more will follow as our operation grows.
“Their help so far in achieving a lease surrender from the previous occupier to allow us to make these plans has been invaluable.”
Matthew Pickles, our Estate Manager at Deeside, added: “We realised that this was a major opportunity for us in the long term and so we worked extremely hard to achieve the lease surrender and to conclude a deal with ADC.
“We look forward to working with the company, which is one of the pioneers in the manufacture of the next generation of life-saving oncology therapeutics, to create a state-of-the-art manufacturing facility for the future.
“They now join our other major tenants – Ralawise Ltd, UPS Limited, Akzo Nobel Packaging Coatings Ltd and Americk Packaging. We manage over 246,223 sq ft of manufacturing and warehousing space at Deeside and with this deal that is now fully occupied.”