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NickCJ

Potentially some "good news" for once? I know we don't like that here.

Canary Wharf Group has submitted plans for a vast “vertical” life sciences campus, as the owners of the east London district look to break their reliance on financial services as demand for office space falls. The new 823,000 sq ft, 23-storey tower block would be among the largest laboratories in Europe and would cost £500mn to develop.

https://www.ft.com/content/0c9dd8d0-6e4e-4411-8095-0dfa8b9dbce4

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eskay in reply to @NickCJ

That is all very well, but is there a surplus of skilled people to staff it?

I have been trying to recruit engineers and technicians for months and there just aren't enough to go around. I imagine it is the same for lab staff.
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Stonehedge in reply to @NickCJ

Potentially some "good news" for once? I know we don't like that here.

Was having this chat with a VC a few months ago. At times of low office demand and recession, high net worth landlords tend to open up their properties at much reduced rates or even free just to keep their portfolio ticking over. In the past, its the arts that tend to benefit most from this (studio and gallery space etc) but maybe R&D will do too this time round.
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CheBeef in reply to @NickCJ

Science labs and innovation centres....

This is what will grow the economy, not hand shaking on pre-existing trade deals or making new trade deals that undermine home grown produce, goods and services.

There may be a benefit to landlords, but the smart money is on investing in homegrown science and tech innovation economic growth for medium to long term.

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