SOURCE: Industrial Info Resources

November 16, 2009 05:30 ET

Alexandria Real Estate Considers $100 Million Investment for Biotech Development in India, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - November 16, 2009) - Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- Like virtually all of the other major players in the Pharmaceutical & Biotech Industry, it appears that Alexandria Real Estate Equities Incorporated (NYSE:ARE) (Pasadena, California) is looking to India to build a $100 million biotech building. As opposed to the domestic market and its current slump, India expects annual growth rates of 14%. A top developer and owner of life science properties throughout North America, Alexandria is a real estate investment trust that is known for the quality of its developments.

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