Sanofi Regeneration of Former Dagenham Plant Nears Completion

Dagenham, United Kingdom – 2 July, 2015 – Sanofi (EURONEXT: SAN and NYSE: SNY) announced today that the regeneration initiative at its former manufacturing plant in Dagenham, East London, which closed in 2013, is nearing a successful conclusion following the sale of 25 acres of land to AXA Real Estate for an undisclosed sum.

The acquisition by AXA Real Estate, on behalf of one of its clients, is expected to involve the land being developed for a scheme which will generate jobs.

Jim Moretta, former site Leader at Sanofi Dangenham facility said, “This transaction means that we have now successfully delivered on our legacy pledge to ensure the site was sold in a strategic manner to job-creating organisations. This was the key element of our regeneration strategy for Dagenham.”

Sanofi announced the closure of the plant in 2009. The company then embarked on an innovative regeneration programme aimed at transforming the 108-acre site through a strategic sale into a multi-occupancy science, business, manufacturing and retail park. A key element of the master-plan was retention of specialist manufacturing, research and development buildings for use by other science-related companies in a bid to ensure a legacy of new jobs and new business opportunities at the location.

Sanofi also donated more than 50 acres of land including sports fields and the company’s May & Baker Sports & Social Club to London Borough of Barking and Dagenham in a ‘Community Trust’ arrangement to protect the facilities for future use of local residents.

Cheshire-based SOG Group has purchased 17 acres of specialist buildings and land to create Londoneast-UK Business and Technical Park; Sainsbury’s has bought 10 acres at the front of the site for a retail centre; independent brewing and pub retailing business Marston’s has recently opened a pub/restaurant, The Pipe Major, on another acre of land while there are also on-going negotiations on a hotel project which is subject to detailed planning permission being granted.

Mr. Moretta added, “We are close to securing a deal for a hotel on the site and this will be the final transaction needed to complete the successful regeneration programme on the site.”

About Sanofi
Sanofi, a global healthcare leader, discovers, develops and distributes therapeutic solutions focused on patients' needs. Sanofi has core strengths in diabetes solutions, human vaccines, innovative drugs, consumer healthcare, emerging markets, animal health and Genzyme. Sanofi is listed in Paris (EURONEXT: SAN) and in New York (NYSE: SNY).

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Contacts:
Sanofi Communications UK & Ireland
Michael Szumera
Tel.: + 44 (0) 1483 55 4237
michael.szumera@sanofipasteur.com

Published: 02/07/2015