The Howard de Walden Estate (HdWE) has unveiled plans to invest £52m in three flagship buildings for “health innovation and discovery” in the Harley Street Health District in London.
The company’s plans are centred around Hale House at Portland Place, which will be delivered in partnership with flex workspace operator Spacemade.
The reconfigured buildings will offer 38,000 sq ft and HdWE hopes to attract start-ups, investors and venture capital firms to Portland Place. The company has already secured UCLPartners as anchor tenant at Hale House.
Mark Kildea, chief executive officer at The Howard de Walden Estate, said: “The re-launch of the Harley Street Health District marks a natural evolution in our approach to healthcare as we respond to changing patient needs and industry shifts. Our investment in Hale House and the important signing of UCLPartners is hugely complementary to this strategy and is a key step forward as we look to develop space for health innovation and affirm our commitment to the Harley Street Health District as London’s only cluster of ‘whole health’.”
Richard North, head of commercial lettings at The Howard de Walden Estate, added: “This is a hugely exciting project to have been a part of, particularly as we reach this pivotal step in the evolution of our healthcare strategy. As part of Howard de Walden’s commitment to the highest standards in design, social impact and sustainability, Hale House is targeting BREEAM Excellent, NABERS 4.5* and Fitwel standards.
“It will also provide first-class amenity space for the community, including a large roof terrace, 90-person auditorium, café, conferencing and meeting rooms, a dry lab, gym, a podcast studio and a content creation room.”
Chris Laing, chief executive officer at UCLPartners, said: “I am very excited that we are establishing our new base in Hale House as an anchor occupier. I have been very impressed with The Howard De Walden Estate’s ambitious vision to build a world leading health innovation cluster in Marylebone and I’m delighted we are joining them on this journey. UCLPartners works across the health innovation development pipeline, supporting health and economic growth. Our new base will help us connect the health technology and life science sectors with healthcare providers, patients and the public, developing novel solutions that will define the healthcare of the future.”
Jonny Rosenblatt, co-founder of Spacemade, added: “Our mission from the outset of this project has been to create the UK’s most collaborative HealthTech cluster and develop a thriving ecosystem where startups, investors and supporting services can come together to reshape the future of healthcare for the better.
“Industry specific spaces like the Hale House, are the future of co-working and the broader office market. With space for over 600 members and facilities to enhance their working activity we want to unite the brightest minds in HealthTech under one roof. By fostering these meaningful connections we aim to accelerate innovation and ultimately improve the healthcare landscape.”
