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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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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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