The largest commercial lab in Europe is set to be built in London’s Canary Wharf.
Canary Wharf Group has teamed up with Dutch developer Kadans Science Partner to build the 750,000 square foot property, which will contain both labs and office space.
Spread over 22 floors, it will be built on an undeveloped site in London’s Docklands area, and will cost at least half a billion pounds, according to sources quoted by the FT. It will be connected to the Tube network through a new station.
Canary Wharf Group has teamed up with Dutch developer Kadans Science Partner to build a 750,000 square foot property, which will contain both labs and office space
The building is scheduled to be completed in 2026 and is expected to be the first phase in plans to create a new health and life sciences hub.
Canary Wharf is trying to create a more mixed neighbourhood and move away from its status as a hub for banks and other financial institutions.
Covid has also caused the landlord to reassess its model of signing long leases on large buildings to corporations after the pandemic sparked a boom in home working and allowed many companies to downsize their office spaces.
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