Derwent wanted to consider the Life Sciences options for this building in its redevelopment. Viability for this use, verses office redevelopment needed to be considered so as to conclude what to build.
Creative Places worked with the client and joint agent Knight Frank to appraise alternative uses. We were able to advise on commercial risk as well as value.
Derwent concluded that an office scheme is most appropriate for them to develop out in this location, whilst keeping the door open to laboratory development for as long as possible. In practice there has been some laboratory interest that we have been able to help nurture and assess.