NorthWest Biotherapeutics Inc (NWBO)

[Jack2479]

I live near Sawston and it’s not a construction site at all.....the building housing Northwest Bio is fully refurbished with a raised roof, new supply of all services, new windows and has a cycle parking bay as well as for cars. The building has been professionally painted and having spoken with local contractors in my local pub I can also confirm the internal laboratories have all been fitted out with state of the art temperature controlled rooms as well as a lot of equipment not remotely used in the production of grapefruit juice. So I’m sorry but it’s not a construction site - FACT!

The site they own is 514 acres in total (most of this is agricultural, which has a value of around £12k per acre and the area of industrial warehousing and the Northwest Bio area approx 5 acres has a commercial land price of around £1m per acre before any buildings on site are valued but basically it doubles the price to around £2M per acre when buildings are added. It is situated smack bang in the middle of “The Silicon Fen” which is a key UK hub for high tech and biotech industries. Buildings are in demand in this area with several large pharma sites within a 10 mile radius.

509 acres @ £12k per agricultural acre = £6.1m
5 acres @ £2m built per acre = £10m

£16m x 1.32 = US$21m

This excludes the value added in the internal fit out of state of the art laboratories.