The Howard de Walden Estate is planning to create co-working spaces in the Harley Street Medical Area as part of a three-year plan to further enhance the district’s international reputation.
Chief executive Andrew Hynard, who joined the estate from JLL last autumn, said it was currently on the lookout for the right property to create a “cool, buzzy and bright environment” for co-working.
“While it’s still early in the process we want the co-working spaces to foster further collaborative working in the Harley Street Medical Area from the sharing of information and research to a place for med-tech start-ups to grow their businesses,” he added.
As part of its ‘Vision 2020’, the Howard de Walden Estate will also launch a number of initiatives to enhance Harley Street’s international reputation. As well as upgrading the quality of the buildings and public realm in the area, the estate is looking to further improve the tenant mix.
It revealed that a 15,000 sq ft advanced oncotherapy centre would be opening in 2019 that would provide a world-first proton beam cancer therapy, developed by leading cancer specialists and scientists including Professor Steve Myers, the principal architect behind the world’s first particle accelerators.
Hynard said three other significant letting deals were in the pipeline in the areas of children’s health, mental health and fertility.
Since the EU referendum, the fall in the value of the pound has led to a significant increase in medical tourism to the UK.
The Howard de Walden Estate is hoping to capitalise on this with an event this autumn at the Royal Society of Medicine bringing together doctors and representatives of foreign embassies such as Russia, China and the US. It is also taking a delegation out to the Arab Health exhibition in Dubai next January, which Hynard described as “Mipim on steroids”.
“Our vision for the Harley Street Medical Area is bold and ambitious,” he said. “With the pace of change in medical advances, it has never been more important for the medical community to collaborate to offer the best solutions to their patients and this is at the very the heart of our vision.”
The estate’s medical portfolio has performed strongly in recent years. The latest results showed it was valued at £1.06bn as of March 2016, up 85.4% on 2012, while the rent roll has grown 45.6% to £21.8m.
21 March 2017
9 December 2016
6 June 2016
13 May 2016