• Sectors we work in banner(2)

    Quick Reads

Levelling Up Life Sciences?

As someone with a keen interest in the Real Estate life sciences sector, it was very encouraging to hear life sciences being mentioned in the Queen’s Speech today and the Government re-iterating its commitment to it. From a Real Estate perspective, it has been a very interesting few months, with a number of investment assets coming to market and being acquired at levels some way above the guide price – the 5 building lot at Cambridge Science Park, acquired by Brockton Everlast for almost £100m, against a guide price of £62.5m being a prime example.

It is difficult to see this demand decreasing. The Government has committed funding for new facilities in both Oxford and Stevenage for the manufacture of vaccines and the demand from national and international pharmaceutical companies for space for the development of vaccines and for the continued research into diseases such as COVID-19, including genomic sequencing, shows no sign of abating. Government support for the sector, making immigration for STEM workers easier will surely add to that demand.

But will the dominance of the “golden triangle” of Oxford, Cambridge and London for those opportunities continue? The Government is signaling the sector as an important driver for its levelling up agenda. Already, there are established life sciences hubs  in other University towns in the UK and it would be a surprise if those locations did not continue to thrive, reflecting the huge demand for assets and space to support both the sector and the emergence of the UK from the economic ravages of the pandemic. This author will watch with interest.

Life Science jobs are spread the length and breadth of the UK, making the Life Sciences industry an important driver for levelling up economic opportunity right across the country.

Our thinking

  • Planning and Life Sciences: the challenges and opportunities in the Golden Triangle

    Sophie Willis

    Quick Reads

  • London’s Knowledge Clusters: From Emerging to Maturing – Start Ups on the Global Stage?

    Lynsey Inglis

    Quick Reads

  • Charles Russell Speechlys hosts international arbitration event in Dubai

    Peter Smith

    Quick Reads

  • Re-purposing Retail - is life sciences the answer?

    Louise Ward

    Quick Reads

  • EU AI Act – Will it become a law for all the world?

    Nick White

    Quick Reads

  • Court of Appeal Confirms that Property Guardians Occupied an HMO

    Christopher Gothard

    Quick Reads

  • BE News quotes Louise Ward on the Autumn Statement and life sciences support

    Louise Ward

    In the Press

  • Office to Lab Conversions: A new lease of life (sciences) for some of London’s offices?

    Quick Reads

  • Pharmaphorum quotes Louise Ward on the Budget and what this means for the biopharma sector

    Louise Ward

    In the Press

  • Life Sciences blow as AZ snubs UK

    Louise Ward

    Quick Reads

  • EG quotes Louise Ward on the resilience of the life sciences sector in 2022

    Louise Ward

    In the Press

  • Life Sciences - Where Next?

    Fiona Edmond

    Quick Reads

  • Part 2: The Tip of the Triangle – Taking advantage of London’s potential in the Life Sciences Sector

    Lynsey Inglis

    Quick Reads

  • Part 1: The Tip of the Triangle – Examining London’s Potential in the Life Sciences Sector

    Amy Shuttleworth

    Quick Reads

  • Construction and the Multimodal Approach in the Life Sciences Industry

    Fiona Edmond

    Quick Reads

  • AI and Big Data continue to shape the future of life sciences, but what challenges do we face?

    Caroline Young

    Quick Reads

  • A partnership for progress

    Cara Imbrailo

    Insights

  • Life Sciences & Construction: will repurposing help meet the demand for new lab space?

    Camilla Bunce

    Quick Reads

  • London’s role in the growing UK Life Sciences sector

    Cara Imbrailo

    Insights

  • Louise Ward comments for EG on potential planning reforms for the life sciences industry

    Louise Ward

    In the Press

Back to top