Grimsby’s sprawling Novartis site is now being has been launched, a year on from the shock announcement that it was to close.
The Pharmaceutical Campus is being brought forward by commercial and industrial property specialist CBRE, on behalf of the Swiss giant, as several options remain open for the site where 400 jobs are at risk.
Owner occupier and redevelopment opportunities are highlighted for the 229 acre site, which can be split into parcels, as revealed earlier this month.
It is described as a “flexible site with development-ready plots”.
Ian Johnson, recently appointed as site managing director, told Business Live earlier this month how six interested parties have toured the Moody Lane plant, with some making return visits in a recent interview.
It follows the strategic decision made in Basel to exit bulk manufacture, with the active ingredients for several drugs produced at the site.
The particulars describe the South Humber Bank facility as a “spacious, well maintained pharmaceutical complex”.
It states how “there has been extensive investment in new facilities over the last 30 years,” following the original establishment in 1951.
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Three main parcels are identified as the current operational site, the 106 acres with multiple specialist production, industrial/warehousing and administration buildings, which also features several plots of development land totalling 16 acres; the sports field with club house and car park across Moody Lane, and the additional development land to the west of the site.
Full waste treatment and combined heat and power plants are also highlighted.
Mr Johnson said it was very much a case of “being the right site in the right place at the right time,” in an exclusive interview at the start of the month.
A full production programme remains in place until the end of next year, with one of the three core manufacturing units, Building 110, now remaining operational until April 2020, having been earmarked for shutdown this December.
CBRE provides an overview of each major production building, with the three four-storey high volume standalone units making up the vast majority of the surveyed 669,000 sq ft.
Unit B150, at 193,329 sq ft – 17,960 sq m – leads the way, having been commissioned in 2004. It is followed by Unit B120 at 170,706 sq ft – 15,858 sq m – brought forward a decade earlier, with the 104,967 sq ft Unit B110 completing the set, having been commissioned in 1992.
Technical and due diligence information can be made available to interested parties via CBRE, subject to signing a non-disclosure agreement.
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