Life Sciences Real Estate #86

The Crown Estate's £125 million Oxford life sciences conversion, BfR's 27,500 sq m Berlin lease and a €40 million healthcare portfolio in Dublin.
In:

Good morning,

We have eleven deals this week, taking in The Crown Estate's £125 million conversion of Oxford's former Debenhams store into a life sciences building, a 27,500 sq m lease by Germany's federal risk assessment institute and a €40 million healthcare portfolio for sale in Dublin. Let's jump in.

In today's free edition:
🇬🇧 The Crown Estate to convert former Debenhams in Oxford
🇩🇪 BfR signs long-term lease for 27,500 sq m at Max Dohrn Labs in Berlin
🇮🇪 €40 million mixed-use healthcare portfolio for sale in Dublin

🔒 For paying members only:
🇬🇧 Planning granted for revised Elevate Quarter masterplan in Stevenage
🇬🇧 Primary Health Properties reports £230 million net rental income following Assura merger
🇬🇧 Gensler completes first phase of CamLIFE science campus in Cambridge
🇩🇪 Küppers Real Estate Advisory founded in Düsseldorf with first life sciences mandate
🇩🇪 NeutroGen Therapeutics takes space at Bayer Co.Lab in Berlin
🇨🇿 CTP completes 30,000 sq m distribution centre for Redcare Pharmacy
🇫🇷 Praemia REIM acquires full control of CAREIT's asset management activities
🇫🇷 Atland Voisin acquires four specialist medical care homes for €8.1 million

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Enjoy today's newsletter,
— Stephen Ryan (connect with me on LinkedIn)


SPONSORED
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Knight Frank Australia is bringing to market Helix Hub Innovation Precinct, Western Sydney

Currently under construction with completion due in Q4 2027, Helix Hub is a next generation pure alternatives asset that will deliver 16,849 sqm of education and life sciences space, complemented by 84 high-quality studio living units.

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With a 20-year lease already secured to the University of Wollongong and the remaining floors offering specialised, lab-enabled floorplates, Helix Hub is positioned within a growing cluster of universities, research institutes and commercial partners, enhancing long-term precinct success.

Helix Hub is for sale on a fund-through basis via Expressions of Interest closing 3pm, 9 April 2026 (AEST).

Learn more

The Crown Estate to convert former Debenhams in Oxford into £125 million life sciences building

Debenhams in Oxford (source: estatesgazette.co.uk)

Oxford City Council has approved plans by The Crown Estate to convert the former Debenhams store at 1–12 Magdalen Street into a 9,290 sq m life sciences, innovation and technology building.

The development represents an initial investment of approximately £125 million and will be delivered in partnership with Pioneer Group and Oxford Science Enterprises. It will include laboratory space, conference and events facilities, and a showcase lab.

Construction is due to start in the first half of 2027 and complete in 2029. Perkins & Will has been appointed as architect and Bidwells as project manager.


BfR signs long-term lease for 27,500 sq m in Berlin

Max Dohrn Labs in Berlin (source: gewers-pudewill.de)

The Bundesinstitut für Risikobewertung (BfR) has signed a long-term lease for 27,500 sq m at the Max Dohrn Labs in Berlin, comprising modernised existing space and a new specialist laboratory building with biosafety levels S1 and S2.

The asset is held within BEOS Berlin Prime Industrial InvKG, a closed-end real estate special fund launched in 2019 and managed by Swiss Life Asset Managers and BEOS AG, focused on light-industrial and life science properties in established locations across Berlin and Brandenburg.

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€40 million mixed-use healthcare portfolio for sale

Carrickmines Park in south Dublin (source: irishtimes.com)

A mixed-use portfolio of four buildings totalling 12,263 sq m (132,000 sq ft) at The Park Collection in Carrickmines, south Dublin, is being offered for sale by a Cantor Fitzgerald-managed commercial property fund at a guide price of €40 million, reflecting a net initial yield of 8.7 per cent.

The portfolio generates €3.85 million in annual rent and is more than 90 per cent occupied. Medical tenants — including Avoca Clinic, Thérapie Fertility Clinic and Venus Medical — account for 43 per cent of income.

The buildings adjoin the VHI 360 Health Centre, reinforcing the site's established position as a healthcare destination. The assets are available individually or as a single lot. Joint agents are Savills (Seán Ryan McCaffrey) and Colliers (Michele McGarry).

Written by
Stephen Ryan
Stephen is an independent real estate researcher and CFA charterholder who founded Life Sciences Real Estate in 2022.

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