The London Bioscience Innovation Centre was established in 2000 by the Royal Veterinary College as a direct response to the shortage of accommodation for Life Science activity in Central London. It houses a variety of businesses in office and laboratory suites in close proximity to the College and other research activity around Kings Cross. Our client needed to think about opportunities for expansion and Centre evolution. The centre’s management team had links to major businesses seeking accommodation and needed advice on the way in which such interest may best be managed.
We used our extensive experience in real estate and specifically Life Sciences real estate to advice the CEO of LBIC on the potential demand into the future, along with best terms to seek from various types of occupier. We ultimately negotiated terms with a major international pharmaceutical company for them to come into the space, alongside emerging and small businesses.
Our advice enabled the London Bioscience Innovation Centre to grow its property under management, secure enhancement to its building stock through third party investment and an agreement with a major occupier.