British Land has let 48,000 sq ft of lab-enabled space to global life science company LGC at The Priestley Building, at Surrey Research Park in Guildford.
The developer said the letting was one of the biggest life sciences deals in the UK so far this year and the 90,000 sq ft building is now 58% pre-let ahead of practical completion later this year.
The development retains and reuses existing materials where possible, helping to achieve an ultra-low embodied carbon figure of below 150 kgco2e/m2. British Land said it is aiming to achieve an EPC A rating as well as BREEAM Excellent for the building.
Darren Richards, head of real estate at British Land, said: “We acquired The Priestley Building less than two years ago, and in that time we have rapidly delivered a highly sustainable redevelopment and let a significant amount of lab space to a top life science occupier. This project demonstrates our ability to leverage the BL platform across development, leasing and asset management, to deliver high quality workspace into this supply constrained market.”
Dr Julian Braybrook, director of the national laboratories at LGC and UK government chemist, said: “LGC’s investment in this purpose-designed facility better enables our scientists to deliver the high-quality, leading-edge measurement research and services expected by our customers, provides a better working environment for our colleagues, and contributes to our sustainability goals.”
BNP Paribas and JLL acted for British Land.
