Kier is now finalising the design for the building and pre-construction works are set to begin. The project will provide between 14,000 m2 and 17,000 m2 of research space.
Work is due to start on site in the third quarter of 2015, with completion pencilled for summer 2017.
Kier project director Nick Mann said: “We are delighted to have won this contract with one of our longest-standing and most valued clients; we completed our first contract for the University of Cambridge in 1996 and we are currently on site at both the Arup Building and the Department of Genetics.
“This latest project will be our 23rd with the university, and the second-largest we have undertaken with them, having completed the £69m Stirling Prize-winning Sainsbury Laboratory in 2010.
“Our collaborative approach to working with our clients, partners and supply chain has been key to the long-term success of this relationship, and we look forward to delivering this new facility, which will bring the total value of our work to date with the University of Cambridge to £215m.”