Lateral strikes prelet at Whitechapel’s life sciences cluster
Queen Mary BioEnterprises Innovation Centre has chosen Cavell Street in Whitechapel for its incubator hub.
The proposed facility, spanning 37,000 sq ft, forms part of the wider redevelopment of 100-136 Cavell Street, E1, being brought forward by Lateral in a joint venture with HIG.
Last year, the partners proposed the conversion of a former clothing factory to a 160,000 sq ft life sciences facility. The decision on the plans is expected to be made by Tower Hamlets Council’s strategic development committee in the first quarter of this year.
Queen Mary BioEnterprises Innovation Centre has chosen Cavell Street in Whitechapel for its incubator hub.
The proposed facility, spanning 37,000 sq ft, forms part of the wider redevelopment of 100-136 Cavell Street, E1, being brought forward by Lateral in a joint venture with HIG.
Last year, the partners proposed the conversion of a former clothing factory to a 160,000 sq ft life sciences facility. The decision on the plans is expected to be made by Tower Hamlets Council’s strategic development committee in the first quarter of this year.
The building sits in the heart of the Whitechapel Road Life Sciences Cluster, of which Lateral is a founding partner alongside Barts Life Sciences, Barts Health NHS Trust, Queen Mary University of London, the Department of Health and Social Care, NHS Property Services and private landowners. Proposals for the wider masterplan, seeking to transform a series of outdated buildings and empty sites around the Royal London Hospital, were approved late last year.
Rob Beacroft, co-founder of Lateral, said: “By providing high-quality facilities and support services, we are fostering an environment where innovative start-ups can thrive and contribute to groundbreaking health outcomes.”
Ted Webster, chairman at Queen Mary BioEnterprises, added: “The new incubator space will enable us to nurture the next generation of innovative companies, providing them with the resources and environment they need to succeed.”
Image © Allford Hall Monaghan Morris
