Wates reaches financial close on £63.5m job
Wates Construction has signed a contract to deliver a new multi-million pound state-of-the-art food and health research centre at Norwich Research Park, marking a significant step in the business’ growth in East Anglia.
The £63.5 million construction element of this project will see Wates build a new five-storey development that will bring together research teams from the Institute of Food Research (IFR), the University of East Anglia and Norfolk and Norwich University Hospitals NHS Foundation Trust.
Designed by architects, NBBJ, the scheme will comprise a variety of specialist laboratories, lecture theatres and offices. Photovoltaic panels and ground source heat pumps have been incorporated into the building design to enhance energy efficiency.
The work adds to Wates’ growing East Anglia project portfolio and extends the business’ presence in the region’s science and research sector. Current projects also include the University of Cambridge’s North West Cambridge Development.
Wates has made a commitment to create opportunities for on-site industry skills training throughout the work, which is expected to include apprenticeship positions and partnership working with Norwich-based schools and colleges.
Ian Vickers, Managing Director at Wates Construction, said: “This project is undoubtedly significant for the development of science but it is also set to be an incredible catalyst for the region in terms of creating opportunities for local people.
“At peak periods our site team will stand at 350 and this, along with our investment in skills training and our engagement with a local supply chain, will further contribute to the local economic benefit of this fantastic scheme.”