Find local news in Kent

Home   Kent   News   Article

Potential buyer for Pfizer

11:00, 27 January 2012

updated: 11:14, 27 January 2012

Pfizer in Sandwich
Pfizer in Sandwich

Pharmaceutical giant Pfizer is in negotiations with a potential buyer for its operation in Kent.

The drugs company has confirmed it is meeting with a consortium about the future of its base in Sandwich.

The firm announced nearly a year ago it would be closing its Kent site, which employed 2,400 people.

Pfizer has now confirmed it is in talks with a consortium called London and Metropolitan about buying the campus, called the Discovery Park.

A Pfizer spokesman said: "Following a structured selection process, Pfizer has entered into a period of legal exclusivity with a consortium led by London & Metropolitan and financed by a major European institutional real estate investor, which could lead to the sale of the Discovery Park campus in Sandwich, Kent.

"This announcement is a positive milestone in the transition of the Discovery Park to becoming a multiple-use campus with Enterprise Zone status."

It announced in November that 650 jobs would remain at the Pfizer site.

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies - Learn More