Kadans Science Partner and Canary Wharf Group (CWG) are converting 38,000 sq ft, at the BREEAM Outstanding rated 20 Water Street, into flexible, fully serviced CL2 wet-labs.
The labs at the Innovation Centre will range in size from 200 sq ft to more than 5,000 sq ft and the converted space will also provide office accommodation, ancillary meeting rooms and breakout space. Fit out has already commenced and it is anticipated the Innovation Centre will open in May 2023.
Kadans and CWG recently announced they had formed a joint venture to establish a new 823,000 sq ft UK life sciences cluster on a 3.3-hectate site at North Quay, which is expected to be ready for occupation in 2026.
James Sheppard, managing director of Kadans Science Partner, said: “Together with our partner Canary Wharf Group, our vision is to make Canary Wharf the go to destination for health and life sciences organisations. Building the right entrepreneurial ecosystem is a critical component to achieving this goal and the creation of this new Innovation Centre allows us to provide much needed space for start-up and early-stage companies who we can subsequently grow with us at Canary Wharf.”
“In addition to the quality of the flexible, wet lab and office space we will deliver at 20 Water Street, we understand that life science businesses do not exist in isolation. Kadans will bring its full suite of ecosystem services to 20 Water Street which will support businesses on making vital connections to funders, regulators, partners and talent.”
Richard Archer, managing director of offices at Canary Wharf Group, added: “The pace at which we have established this new innovation facility, while attracting leading health and life sciences companies to Canary Wharf, further demonstrate the appeal of Canary Wharf as the location for world class life sciences hub in the UK and the momentum we are beginning to achieve in establishing it as one.”
