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27 April 2010, 06:00
Microsoft will move the research arm of it's business to Cambridge from 2012.
The computer firm will move into the new CB1 development, which is being built near Cambridge Railway Station.
Microsoft has agreed a 20 year lease on an 83,500 square foot building on the development.
The picture to the right is an artist's impression of how the new building will look.
Commenting on the deal, Sven Topel, Chief Executive of developers Brookgate said:
“We are delighted to have secured such a significant pre-let with a world class business.
Microsoft’s commitment demonstrates the strength of CB1 as a future global business location, which is not only positive for the scheme but Cambridge as a whole.
Most importantly, we have passed another important milestone on the road to the successful regeneration of this area of the city.”
Building work on the CB1 development is expected to begin in the summer.
According to Brookgate, it will also include a new transport interchange, offices, apartments, shops and a hotel around a landscaped public square.