The Double Boost That Shows Life Sciences Property Is The Future
Birmingham Health Innovation Campus has been announced as one of eight ‘shovel ready’ projects in the West Midlands that will benefit from a combined £66M of Government funding. The project, created by the University of Birmingham, was awarded £10.8M, which will fund a 64.5K SF first building. This will focus on growing smaller health technology businesses.
The campus will mix high-quality lab, office, incubation and innovation facilities for forward-thinking businesses. It is touted as the only science park in the region dedicated to health and life sciences.
Work to select a development partner on the university’s £300M life sciences park was frozen earlier this year. The pre-selection process for the 580K SF scheme began in October 2018 but is now likely to accelerate.
In a separate move, UPS Healthcare’s Polar Speed pharmaceuticals brand has taken 100.5K SF at The Hub, Birmingham, for its new temperature-controlled Midlands warehouse.
"This letting will be welcomed by the city and the region, attracting significant inward investment from Polar Speed at a time when the local economy is looking for a much-needed boost," IM Properties Development Manager Richard Sykes said.
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