Global Life Sciences Cluster Report 2011 - Jones Lang LaSalle

United Kingdom
the South East region is a mature cluster that provides
research sites for three of the top 10 major global pharma
companies and a number of biotechnology firms.
Oxford is another cluster of importance for life sciences
within the broader south-east region, with more than 100
biopharmaceutical/healthcare companies taking advantage
of close links to the city’s Oxford University. Much of the office
and lab space is located out of town in science and business
parks. The Oxford real estate market is stable with limited new
construction keeping supply relatively limited. Conventional
Grade A office space is available at £22.50–£25.00 per square
foot per annum ($36.25–$40.28) 1 , with fitted lab space available
at similar rents. Availability of office space is greater in the
broader south east, and the Western Corridor region, west
of London, remains popular with life sciences companies.
London
Although many larger pharmaceutical and biotech companies
base their operations outside Central London, the cluster has
representation of more than 100 bioscience businesses, not
to mention 28 universities and five renowned medical schools.
It is also home to UCL Partners, one of Europe’s largest
academic health science partnerships of hospitals and medical
research centres.
London’s West End is one of the most expensive office
markets in the world. Although some life sciences companies
maintain a small office presence in the exclusive areas of
Mayfair and St. James’, for practical purposes most locate in
or around submarkets such as Paddington and Kings Cross
near to the major hospitals, universities and research facilities.
Reasonable quality Grade A office space in these hubs is
available from £40.00–£45.00 per square foot per annum
($64.45–$72.51) 1 .
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North West of England
North West England is the United Kingdom’s third largest
bioscience cluster, with a number of global life sciences
companies operating there. Manchester University is one of
Britain’s largest universities and recently collaborated with
GlaxoSmithKline and AstraZeneca on a new research centre.
AstraZeneca is one of the global pharmaceutical companies
with a large base in the area.
The North West of England is further supported by the strong
academic research capabilities of the Universities of Liverpool,
partner hospitals and locally based national support facilities
such as the National Biomanufacturing Centre. Prime office
space in Manchester city centre is available at £28.00 per
square foot per annum ($45.12) 1 .
Scotland
Scotland, is another important hub in the United Kingdom life
sciences sector, with more than 500 life sciences companies,
increasing by an average of 20 percent a year.
Edinburgh is a hotbed of life sciences innovation, with
particular achievements in recent years in the field of stem
cell research The Queen’s Medical Research Institute
brings together four world class research centres specializing
in Cardiovascular Science, Inflammation Research, Reproductive
Biology and Regenerative Medicine. The Institute houses
more than 600 researchers and aims to tackle a wide range
of diseases at the most fundamental cellular level. The supply
of prime office space in Edinburgh is limited, and currently
costs around £27.50 per square foot per annum ($44.31) 1 ,
with incentives still generous at around 32–36 months achievable
on a 10-year term.
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