Leading figures speak at key Life Science seminar hosted by Bidwells and Creative Places.
A special seminar, hosted by Bidwells and Creative Place, was held to explore the trends in the Life Science sector and how this could impact on the future property developments and requirements within the ‘Golden Triangle’ of Cambridge, Oxford and London.
An audience of around 100 heard how global pharmaceutical sales are projected to rise to a staggering $1.4 trillion by 2019, reflecting the increasing healthcare demands of an ageing population in the developed world and overall global population growth, especially in developing countries. In the UK, the Life Sciences sector now has annual turnover in excess of £60 billion.
The event was attended by a wide range of organisations, including developers, investors, science companies, academics and local authorities.
Speakers at the event were Doug Cuff, from BioMed Realty which owns Granta Park, Dr Eulian Roberts, Imperial College ThinkSpace, Jonathan Burroughs, Creative Places and Saul Western from the Investment team at Bidwells.
Jonathan Burroughs, CEO of Creative Places, an innovative spin-out company from Bidwells which help create and shape business environments that enhance innovation, told the audience that Life Science companies want to be in environments where they are rubbing shoulders with research and development experts and they want to be based in innovative areas where they can collaborate and collocate with others.
Doug Cuff, told the audience BioMed Realty is the leading provider of real estate solutions to the life science community with major holdings across the U.S. and Cambridge, UK which is one of their key markets. He said that what is seen across all their markets is a competitive drive for talent and that the new millennial workforce has a different way of looking at things. Millennials don’t want cars, but they want amenities. They want everything at their fingertips. And, if they don’t have it, they will just go somewhere else.
Dr Eulian Roberts is the CEO of ThinkSpace and he spoke about the exciting projects taking place at Imperial College London’s White City Campus and the different approach they are taking for development with their partners as an open institution, including a focus on collaboration between the College’s academic community and commercial partners.
Saul Western, closed the seminar and said:
“Brexit has made it even more imperative that the UK takes full advantage of industries which offer the very best innovation and intellectual property development. “Life Science is a critical sector in this regard. The future prosperity of the UK economy is dependent upon the effective commercialisation of the country’s R&D base with the Golden Triangle being at the centre of the UK’s Life Science activity.”
Bidwells offer our clients access to some of the most interesting markets with the highest growth potential in the UK.
Bidwells is the UK’s number one advisor to the science and technology sector and currently advise on over 15 million square feet of research and development real estate within the Golden Triangle of Oxford, Cambridge, and London.