Welcome subscribers,
In this edition, we analyse how European incubators provide flexible spaces, specialised equipment, and support services for life science startups. Additionally, we cover new builds, sales, leasing and financing activities across Europe. Keep reading!
✅ Finland: Niam invests in healthcare properties
✅ Germany: new CGT centre for Berlin
✅ Ireland: UPS Healthcare takes off at Dublin airport
✅ UK: MediMab moves to Sovereign House
Read more below for all the details.
Nurturing innovation: the real estate of life sciences incubators in Europe
Read the full articleA message from our sponsor Backbone Connect:
Was this email forwarded to you? Did you know that you can subscribe to Life Sciences Real Estate and get access to all our resources?
New and extended assets
FRANCE ALES
LFB Biomanufacturing is expanding its manufacturing operations in Alès, France, with a €20 million (£17 million) project that will double its capacity. The company which specialises in producing recombinant proteins and monoclonal antibodies, will create about 50 new jobs when the project is completed by 2026, it said in a 14 June press release. The project is supported by the French government, which is contributing up to €6.5 million (£5.5 million) for the plant expansion that fits into the country’s Health Innovation 2030 plan. The expanded facility will also include development and analytical service laboratories and a raw material warehouse.
GERMANY BERLIN
iQ spaces will undertake the development of the Berlin Centre for Gene and Cell Therapies. The initiative was launched by Bayer AG and Charite – Universitätsmedizin Berlin. The project involves the construction of a modern, ten-storey building with a gross floor area of c. 18,000 sq m (194,000 sq ft) on the Bayer Campus at Nordhafen at a cost of c. €180 million (£152 million). Construction is scheduled to begin in 2025. The building will house an incubator with a fully equipped lab and office space, as well as customisable rental space for 15 to 20 startups at various stages of development. In addition, a production area certified to Good Manufacturing Practice (GMP) standards will be integrated.
IRELAND DUBLIN
In Q2 2024 UPS Healthcare opened a new logistics facility in north Dublin. The €12 million (£10.3 million) investment covers nearly 6,000 sq m (64,600 sq ft) and has created 30 jobs. The new facility provides storage as well as inbound and outbound transportation for a range of pharmaceutical and health tech products. According to UPS Healthcare, some 80 per cent of the latest biologics and speciality pharmaceuticals require precise, temperature-controlled logistics to get patient-critical products where they need to be, on time and at the right temperature.
