Location, location, location
As major real estate owners assess the potential for life sciences it is also interesting to ask whether the sector wants to be dispersed or centrally located. Which location provides the best environment to foster innovation?
Almost 70% of those polled in Europe said they believed innovation would benefit from being concentrated in a single location.
The Francis Crick institute offers a lesson in how it works. Designed by global architect HOK, its defining internal feature is a system of walkways and gathering places, helping scientists who work at the Crick to meet in serendipitous get-togethers, allowing them to spark ideas off each other – all in one place.
Which location would most benefit the following job functions for your organisation? (Life sciences professionals)
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According to Savills, GBP 19.8bn was poured into UK life sciences real estate in 2020 – 23% more than in 2019. The figure for 2021 seems certain to grow again.
The big challenge now for real estate developers and owners is to raise their game to meet the highly technical demands of a sector that has rocketed to prominence due to COVID-19.
Theoretically, which of the following locations would most benefit your organisation overall? (Life sciences professionals)
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"There is an understanding that you cannot work in life sciences from home - for many types of business they will always need to be in the lab... there will always be a need for wet lab and dry lab space, although dry lab can often be misunderstood as office space."
James Sheppard, Head of Commercial UK & Ireland, Kadans Science Park
