Life Sciences Real Estate #92

AEW selling Sydmarken campus, AstraZeneca opens $360 million facility in Dublin, Swiss Life Asset Managers acquires Salutem Praxisklinik.
In:

Good morning,

We have eleven deals this week. Let's dive straight in.

In today's free edition:
๐Ÿ‡ฉ๐Ÿ‡ฐ AEW selling Sydmarken campus in Copenhagen for a reported โ‚ฌ65 million
๐Ÿ‡ฎ๐Ÿ‡ช AstraZeneca opens $360 million facility in Dublin

๐Ÿ”’ For paying members only:
๐Ÿ‡ง๐Ÿ‡ช University of Antwerp completes Vaccinopolis vaccine research centre
๐Ÿ‡ฉ๐Ÿ‡ช Swiss Life Asset Managers acquires Salutem Praxisklinik in Mannheim
๐Ÿ‡ฌ๐Ÿ‡ง First tenant at new Chesterford Research Park building
๐Ÿ‡ฆ๐Ÿ‡น Boehringer Ingelheim and Medical University of Graz open research laboratory
๐Ÿ‡ช๐Ÿ‡ธ Reiwa Healthcare takes space at SID campus in Madrid
๐Ÿ‡ฎ๐Ÿ‡ช Planning sought for โ‚ฌ10 million medical centre in Wexford
๐Ÿ‡ฌ๐Ÿ‡ง Wild Bioscience expands at Milton Park following ยฃ45 million Series A
๐Ÿ‡ฉ๐Ÿ‡ช Gateway Factory opens shared laboratory at BioCampus Cologne
๐Ÿ‡ฆ๐Ÿ‡น Carl Labs enters insolvency in Vienna

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Enjoy today's newsletter,
โ€” Stephen Ryan


AEW selling Sydmarken campus in Copenhagen's Medicon Valley

AEW acquired Sydmarken 5 in 2021

AEW is selling Sydmarken 5, a fully let asset in Copenhagen's Medicon Valley life sciences cluster, for around โ‚ฌ65 million according to market reports.

The Sydmarken life science campus totals 32,755 sq m (352,570 sq ft) of space, including specialist laboratories and modern offices.

The main occupiers on the campus include Zealand Pharma and Ferrosan Medical Devices.

Cushman & Wakefield is advising on the deal, which is at first-round bid stage.

AEW bought the asset on behalf of the open-ended Eurocore fund in 2021.

๐Ÿ’ก
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AstraZeneca opens $360 million facility in Dublin

AstraZeneca in Dublin (source: irishtimes.com)

AstraZeneca has officially opened a new active pharmaceutical ingredient (API) manufacturing facility in Dublin in the presence of Taoiseach Micheรกl Martin.

The plant is located on the company's 16.6-hectare Alexion Campus at College Business and Technology Park, Blanchardstown, and was first announced in 2021 as an investment of approximately $360 million to expand late-stage development and early-commercial small-molecule API capacity.

The facility integrates advanced automation, AI-driven process control and continuous-flow processing and is expected to create around 100 jobs over the next two years.

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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