The Life Sciences industry is growing, with increasing investment triggering a higher demand for Real Estate across the UK.
There has never been a more opportune time to invest in and develop Life Sciences Real Estate.
Our Life Sciences Real Estate team will work alongside your business to help you assess both the opportunities and the risks you may face. We have worked with Life Sciences Real Estate Developers and Investors for over a decade and we understand the particular nuances of this asset class.
We support you through the entire asset life cycle including:
- Due diligence on potential investment opportunities, including tax and structuring advice
- Site assembly and acquisition, including by way of agreements conditional on planning
- Strategic advice on the planning process and s106 agreements
- Development agreements and pre-lets
- Procurement and construction documents
- Ongoing management of the portfolio, including lettings, re-gears, variations, licence applications and advice on end of tenancy issues
- Funding, including forward funding and other development finance and sale
Led by Commercial Real Estate Partner Louise Ward and supported by a large multi-disciplinary team, including planning, construction, rights of light, real estate disputes and tax, our experience means that we are well placed to advise both existing operators and new entrants into this booming sector.
Our Recent Experience
BioMed Realty has been a client of Charles Russell Speechlys since they entered the UK market in 2012. We advised on the initial acquisition of Granta Park. Since then, we have acted on all letting, development and management matters at the Park, including the development of new R&D facilities for both Illumina Inc and Gilead Sciences.
The Pirbright Institute
We advise the world leading research centre on their 12 year, £0.5 billion redevelopment programme of their Surrey campus, establishing them as the foremost state-of-the-art institute in the world for research on some of the most devastating viruses of farmed animals. Our advice and services includes procurement strategy and drafting, and negotiation of all the construction documentation.
We advise IQVIA on all aspects of its real estate, construction and planning requirements ranging from its HQ premises to corporate acquisitions. We recently advised on the simultaneous disposal of its 120,000 sq ft premises at Green Park, Reading to Virgin Media and its new lease at M&G’s Forbury Place development in Reading.
BioMed @ Babraham
We recently advised BioMed on the conditional acquisition by way of a 99 year lease of an 8 acre site at the Babraham Institute and redevelopment into life sciences office and laboratory space - alongside the existing Babraham Campus. We acted on property, planning and construction matters for this leading partnership. The site is now fully let to tenants including RxCelerate and Mission Therapeutics.
The Future of Property Careers
Join to our panel discussion and Q&A with industry leaders on the range of opportunities within the property and construction sector.
Liability for costs of repair (City of London v. Leaseholders of Great Arthur House)
Oliver Park writes an article for Lexis®PSL on a property dispute case.
Levelling Up Life Sciences?
Can a restrictive covenant become obsolete?
Q&A on adverse possession
A successful application for title by adverse possession will result in the squatter acquiring possessory title to land.
Claire Fallows quoted by Planning on how new PD rights for commercial buildings will change the system
Councils should be prepared for a flurry of applications in August.
Procuring modular housing: Is MMC becoming mainstream?
Is Modern Methods of Construction becoming mainstream? Read what it means for Development and Procurement here.
Q&A: Talking the telecoms talk
Georgina Muskett and Jonathan Wills answer queries on Electronic Communications Code agreement.
Property Patter: Navigating the complexities of Pharmacy Property
Pharmacy property is a specialist area which contains many traps for the unwary.
What do the new Debt Respite Scheme Regulations mean for Landlords and Tenants?
This will provide legal protection from creditors in the form of either a breathing space or a mental health crisis moratorium.
Risk allocation in commercial leases: the High Court considers rent suspension, insurance and frustration arguments
Read our summary of the full judgement on the latest Covid arrears case.
Building Back Better: Future Gazing
What’s next for the hospitality industry post-pandemic?
Building Back Better: Re-examining your proposition
Why hospitality businesses should re-examine their proposition now
Building Back Better: Real Estate and Restructuring
How and why should hospitality businesses re-structure post pandemic?
Asian Legal Business, Hubbis and eprivateclient report on the firm's expansion in Hong Kong
The firm's Hong Kong office continues to expand with the relocation of Real Estate Partner Simon Green to lead the firm’s focus in Asia.
UK property market continues to thrive
Stamp Duty, Green houses and 5% deposits: The Government’s Commitment to Housebuilding Continues
We look at the current raft of measures the Government has in place to support home ownership and the housebuilding industry.
Property Patter: cohabitees and property rights - what do couples need to think about?
It is easy to drift into complicated territory when it comes to property arrangements between a couple
Charles Russell Speechlys LLP continues Hong Kong growth with the relocation of Real Estate Partner
We are delighted to continue the growth of our Hong Kong offering with the relocation of Simon Green to lead the firm’s focus in Asia.