Life Sciences Real Estate #57

Welcome subscribers,

This week, we examine funding's ripple effect on European life sciences buildings. Over €236 billion (£201 billion) has flowed into life sciences start-ups and scale-ups over the past decade, driving changes across the sector's real estate landscape—from lab expansions to lease strategies. Inside, you'll find how this investment is reshaping commercial property markets, plus coverage of recent deals spanning leases, acquisitions, and new developments.

✅ Denmark: KLIFO leases mixed use asset in Brøndby
✅ Germany: Hamburg property leased by dialysis experts
🔒 Poland: Enel-Med signs an 11-year lease
🔒 UK: Cambridge's Merlin Place tops out
(🔒 for paying members only)

Read below for full details.

— Stephen Ryan (connect with me on LinkedIn)

How funding shapes life sciences real estate in Europe

Over €200 billion has flowed into European life sciences start-ups and scale-ups over the past decade. This funding is powering innovation and reshaping the sector's real estate.

Read the full article

TRANSACTIONS (LEASES, SALES, FINANCING)

DENMARK COPENHAGEN

In May 2025, KLIFO A/S, a drug development consultancy, signed a 10-year lease for the entire 6,400 sq m warehouse and office property at Abildager 24, Brøndby, near Copenhagen. The property, managed by M7 Real Estate, will undergo a significant fit-out to create a storage and Clinical Trial Supply (CTS) production facility for the pharmaceutical and biotech industries. KLIFO will make a double-digit million DKK investment to establish the new facility, which will triple its CTS footprint in Denmark to 6,000 sq m. The facility is scheduled for completion by mid-2025 and is located in the Greater Copenhagen area, a key life sciences and logistics hub.

FRANCE PARIS

Franklin Templeton, through its real assets division Franklin Real Assets Advisors, has acquired the 110-bed GHU Paris Psychiatrie & Neurosciences clinic at 10-14 Général Lasalle in the 19th arrondissement. The transaction brings a psychiatric facility into the firm's European social infrastructure portfolio, which targets assets in healthcare and medical use. The acquisition reflects increasing US institutional interest in French healthcare property. International capital continues to favour operational real estate with stable demand characteristics in core urban locations such as Paris.

GERMANY AACHEN

Kadans Science Partner celebrated the opening of Werkhalle Nord at At the Park Aachen. Collective Incubator has leased approximately 4,200 sq m of the building, offering co-working and development space for research-based start-ups. The facility includes approximately 1,200 sq m of workshop and machine space on the ground floor. The development supports the region's research landscape, which features RWTH Aachen University, Aachen University of Applied Sciences and over 580 high-tech companies. Additional spaces remain available in Werkhalle Nord.

GERMANY HAMBURG

Diaverum Deutschland will establish one of the largest dialysis centres in Europe in Hamburg-Wandsbek. For this purpose, the company specialised in dialysis treatments with headquarters in Sweden has rented approximately 3,000 sq m of space in the office complex at Am Stadtrand 50-56. The property owner is a Hamburg family office that was advised by Fides GmbH. Avison Young acted as broker. The six-storey property at Stadtrand 50-56, built in 1989, offers 31,600 sq m of office space in total.