Construction sources buzzing about a new set of headaches and hurdles facing AstraZeneca’s beleaguered, $650M HQ project
Has AstraZeneca’s gleaming, $650 million HQ project in Cambridge, UK hit a new set of delays and cost overruns?
Those are the big questions that the pharma giant faces in the wake of a local report in one of the country’s construction trade magazines that AstraZeneca is looking to dump Skanska and bring in a new contractor to finish off the circular glass palace.
Envisioned by AstraZeneca as an emblem of its ambitious embrace of new technologies and a celebration of open office R&D soon after Pascal Soriot took over as CEO in 2012, the pharma giant long ago had to scrap the original goal of finishing in 2016 — later pushed back to the fall of 2017 and then the spring of next year — at a cost of £330 million. The newly revised cost swelled more than 50%, and now the Construction Enquirer is quoting local building sources who say the project remains mired in troublesome issues.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.