The five-storey building will be built of glass, concrete and brick, remaining true to the vision of the university鈥檚 founding architect, Sir Basil Spence.
It will be built in the southeast of the campus, near the medical school and other science buildings. With a footprint of more than 17,000 square metres, it will be the university鈥檚 second-largest building after the library.
The new life sciences building will include a hub for growing bio-medical businesses, in a bid to strengthen the university鈥檚 ties with industry.
Simon Neale, University of Sussex鈥檚 director of estates and facilities, said: 鈥淢ace has clearly understood our ambition to develop a beacon of science and innovation excellence that will bring significant economic and social benefit to the South East and UK.聽 We will work together to create outstanding modern laboratories and high-tech teaching and research spaces that will inspire the scientists of tomorrow and our talented group of world-leading academics.鈥
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