Kadans Science Partner has acquired space within the Knowledge Quarter, London to deliver laboratory accommodation to the UK life sciences market.
The Knowledge Quarter Kings Cross boasts a range of academic, research, and scientific organisations from The Francis Crick Institute and University College London (UCL) to the Wellcome Trust, Google, GSK, Merck (MSD) and AstraZeneca.
Earlier this year a report published by British Land and Savills said that there is a severe shortage of laboratory space to meet current and predicted demand in the UK.
The report, called ‘Accelerating Innovation: A five-point plan to boost life sciences real estate’, stated that vacancy rates for fitted laboratory space in the Golden Triangle are at just 1%, whilst in Oxford rates are slightly higher at 7%.
The report offers five recommendations, such as setting ambitious growth targets, the expansion of tax credits, and aligning local skills with life sciences to help the UK grow its life sciences sector.
Simon Carter, Chief Executive at British Land, said: “There should be no limit to the ambitions of the UK life sciences sector. We have the academic strength, a skilled workforce and cutting-edge clusters.
“In order for the UK to become a life sciences world leader, we need to quickly increase the supply of life sciences real estate with the right specifications in the right places.”