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PRIVACY
Commercial Property

Property deal signals major expansion plans for Binding Site

Medical research firm agrees lease with SevenCapital for new labs and office space amid fresh recruitment drive

Binding Site has agreed a deal to open a new base at Broadway in Birmingham

A medical research firm has agreed a new property deal for a former supermarket site in Birmingham which will significantly expand its presence in the city.

Binding Site has signed a 15-year lease to take 97,932 sq ft of space at the Broadway building at Five Ways island.

The deal will see the old ground-floor Tesco, which closed in 2015, reconfigured to create new production laboratory space while four other floors will contain offices.

The agreement also includes 300 on-site parking spaces where new electric vehicle charging points will be installed.

Work to reconfigure the building is expected to begin in the autumn for the company to move in early next year.

Binding Site, which will retain its current headquarters in nearby Calthorpe Road, provides specialist diagnostic products to clinicians and laboratory professionals worldwide for the diagnosis and management of blood cancers and immune system disorders.

It researches, develops, manufactures and distributes tests used for their detection and now has a direct presence in more than 25 countries, employing around 1,100 people worldwide including more than 700 in Birmingham.