Life Sciences has emerged as one of the most dynamic occupier sectors, with demand for office and laboratory space growing in both traditional business park settings and city centre locations.
Based on our recent success in achieving planning permission for 270,000 sq ft of office and laboratory space at Belgrove House, we share our insights into the booming life sciences sector and the intricacies of the planning system. Fresh from this success in the heart of London’s Knowledge Quarter, and with future permissions in our pipeline, this bulletin will help you understand the things to consider.
In this update, experts from our Life Sciences team take a look at the opportunities presented by the sector, the challenges around planning and how landlords and investors can react to evolving occupier demand.
The demand for life sciences in the UK is likely to further increase because of the Covid-19 crisis. Even before the pandemic the sector was fast becoming one the leading areas for growth in the country. The challenge is whether supply can keep up with demand as both small start-up businesses and large global companies want to locate themselves near clusters of academic and commercial innovation.
Angus Minford, Partner