Kadans Science Partner, a key player in the European science and technology real estate sector, has recently expanded its Pan-European portfolio with the addition of a new asset in King’s Cross, London. The property, located at 22-23 Tileyard Road, is set to be transformed into a high-quality, purpose-built laboratory space, addressing the growing demand for technical real estate in the area.

This latest acquisition, secured from City & Provincial Properties, signifies Kadans’ commitment to enlarging its presence in the Knowledge Quarter of London, a renowned global hub for science and technology innovation. The Knowledge Quarter boasts a rich consortium of over 75 leading institutions, ranging from The Francis Crick Institute and University College London (UCL) to industry giants like Google, GSK, Merck (MSD), and AstraZeneca.

Following the successful planning approval for 4 Brandon Road, Kadans is poised to deliver over 350,000 sq ft of bespoke laboratory space in this vibrant innovation cluster. The first building in this cluster, 5-10 Brandon Road, is scheduled for completion in April 2024 and will offer a combination of cleanrooms, laboratory, and office facilities.

James Sheppard, Managing Director (UK & Ireland) at Kadans Science Partner, expressed the company’s strong confidence in the London market. “The ongoing expansion at 4 Brandon Road and the forthcoming completion of 5-10 Brandon Road in March 2024 underline our dedication to providing a continuum of state-of-the-art laboratory spaces for the growth of London’s SMEs,” said Sheppard.

Meanwhile, Paul Kempe, Managing Director of City and Provincial, commented on the strategic nature of this transaction. He noted that the sale is a significant move in their industrial strategy, enhancing their financial position and supporting their shift towards self-storage. Kempe reassured that the development of their creative community within Tileyard Studios and Tileyard North remains a priority, unaffected by this sale.

Kadans’ latest London acquisitions contribute to their growing portfolio, which now includes over 60 buildings and several development projects across the Netherlands, England, Scotland, Belgium, France, Germany, and Spain.