The Howard de Walden Estate (HdWE) today announces a £52m investment in flagship buildings for health innovation and discovery, centered on Hale House.
Hale House will be delivered in partnership with Spacemade, the UK’s fastest growing flexible workspace operator.
Initially comprising three buildings, with a total of 38,000 sq ft, HdWE aims for Portland Place to emerge as a leading London location for HealthTech start-ups, investors and venture capital firms.
HdWE has committed in excess of £52m to the project across the three initial buildings, including the substantial reconfiguration of each, transforming the spaces to appeal to occupiers in the HealthTech industry.
Mark Kildea, Chief Executive Officer at The Howard de Walden Estate commented: “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’.”
The launch of Hale House and the associated space for HealthTech reflects HdWE’s ongoing commitment to invest and grow its portfolio.
As technological and societal changes affect the delivery of healthcare for both patients and clinicians, HdWE is committed to working with new companies, policy advisers, capital providers and support services that are shaping better healthcare.
HdWE also announced today that UCLPartners will be the anchor occupier at Hale House, situated on the first floor at 76-78 Portland Place.
UCLPartners is one of the UK’s leading health innovation partnerships, at the forefront of transforming healthcare through collaboration, and patient-focused innovations.
They also oversee delivery of the NHS Innovation Accelerator, which catalyses growth of small enterprise across the NHS.
Richard North, Head of Commercial Lettings at The Howard de Walden Estate, said: “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 Office at UCLPartners, added: “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.”
