Greenwoods Legal LLP reposted this
Real Estate Associate at Greenwoods Legal LLP specialising in the life sciences and education sectors
LIFE SCIENCE UPDATE: WHERE DNA MEETS DRAMA 🧬 Coming into the back of 2024 and following many changes both within the sector and politically, I thought it would be a good idea to give you and update on the sector and my thoughts on it coming into 2025.. 👇🏻 Some have pointed to a perceived slow down of #lifescience #realestate demand as pent up developments secure planning permission and begin to fill the market. This has lead to a paradoxical situation in some popular areas where space becomes more readily available, but high rental values remain (lifescience space continues to sell in Cambridge for north of £50 per sqft!). 🏗️ Despite this, life sciences continue to be to be a primary focus for the government, with the new administration recently declaring it one of its priority sectors. The key is whether that will translate to the level of investment and policy focus (think planning reforms) required to really create the drive for life science development seen in established clusters such as Cambridge and Oxford. 🏙️ As it happens, last week’s science and technology CoreNet Global UK Chapter talk held in conjunction with British Land delved into the work being done to continue sustainable lifescience development in London. An example was given of a British Land’s very own Triton Square site where life sciences is leading a new focus for the square following Meta’s well publicised exit last year. 🙌🏻 I’m heading to One Nucleus’ Genesis 2024 at 1 Wimpole Street, London next week which is a conference attended by a wide range of key stakeholders, service providers and promising start ups from across the life science sector. Please drop me a message if you fancy catching up there and if you’re not going already, it’s not too late to source a ticket! 🎟️ Greenwoods Legal LLP