Life Sciences Real Estate #94

22 deals this week across the UK, Germany, the Netherlands, Spain and Ireland.
In:

Good morning,

With 22 deals, this edition is one of our biggest yet. On we go.

In today's free edition:
🇬🇧 Scarborough Group acquires Grade II* listed Old Medical School at Leeds General Infirmary for conversion into a healthtech innovation hub
🇳🇱 Base Investments secures irrevocable environmental permit for Bluezone Labs, a 10,000 sq m laboratory and office building at Leiden Bio Science Park

🔒 For paying members only:
🇬🇧 Nervecentre opens Liverpool office for £53 million NHS patient record contract
🇪🇸 Madrid to launch North Industrial District for life sciences and industry
🇩🇪 Aroundtown completes lettings and renewal in Leverkusen
🇩🇪 Düsseldorf launches investor selection for lab site at Merowingerplatz
🇩🇪 BEOS acquires Langen land for warehouse, production and R&D facility
🇩🇪 B&L Property Management takes mandate for Bremen laboratory building
🇩🇪 DV Immobilien adds 15,000 sq m of lab and R&D space in Unterschleißheim
🇬🇧 Darwin Building at Chesterford Research Park available from summer 2026
🇬🇧 MPC sells Rockwell Medical Centre, Bradford
🇳🇱 Meander Medisch Centrum leases 2,230 sq m at Baarnsche Dijk 8, Baarn
🇳🇱 Kuros Biosciences leases space at Utrecht Science Park Bilthoven
🇪🇸 Advenis REIM acquires Málaga mental health clinic for €2.45 million
🇬🇧 Newcore Capital reaches first close of £150 million for Situations VI fund
🇩🇪 €70 million biotech campus near Berlin abandoned
🇩🇪 Biotech-Park Freiburg to add 1,000 sq m at Innovationszentrum Nord
🇬🇧 P.Happi takes lab at 1 Portal Way, North Acton
🇬🇧 Heartfelt Technologies relocates to St John's Innovation Park, Cambridge
🇬🇧 Cambridge Science Park plans expansion
🇮🇪 Evumed takes space at Cork Airport
🇬🇧 NHS consortium leases 18,444 sq ft at SEGRO Park Redhouse Road, Croydon

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Enjoy today's newsletter,
— Stephen Ryan


Scarborough Group International buys Old Medical School in Leeds

Old Medical School at Leeds General Infirmary (source: Scarborough Group)

Scarborough Group International has completed the freehold acquisition of the Grade II* listed Old Medical School at Leeds General Infirmary from Leeds Teaching Hospitals NHS Trust, paving the way for its transformation into a healthtech innovation hub.

The 75,000 sq ft building, completed in 1894 and among England’s earliest provincial medical schools, will be repurposed to provide co‑working space, offices, laboratories and event facilities as part of the first phase of the Leeds Innovation Village.

Scarborough Group was first announced as preferred developer in May 2024, before concluding the acquisition in 2026.

In England, most listed buildings are Grade II (over 90 per cent of the total), with around 5–6 per cent at Grade II* and only 2–3 per cent at Grade I.


Base Investments gets green light at Leiden Bio Science Park

Bluezone Labs in Leiden Bio Science Park (source: Base Investments)

Base Investments has obtained an irrevocable environmental permit for Bluezone Labs, a 10,000 sq m laboratory and office building to be developed at Leiden Bio Science Park through its Physicus development platform.

The project forms the first phase of the broader Bluezone Campus. Base spent two years consulting tenants in the Netherlands, Germany and Belgium to establish the brief for the building.

Construction is due to start at the end of 2026 and to complete at the end of 2028.

Advisers include EYE Real Estate, Paul de Ruiter Architects, B+B Landscape Architects, DGMR, IMd, Linssen, BBN and BRO.

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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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