St Thomas’ Hospital — part of King’s Health Partners (KHP) — is one of the major academic research centres and education providers in England. KHP is one of the five UK Academic Health Sciences Centres alongside Imperial, UCL, Oxford and Cambridge.
Stanhope has been selected development partner for Guy’s and St Thomas’ Charity to bring forward a development on a 5.5 acre site opposite St Thomas’ Hospital and close to Waterloo Station.
Royal Street offers the potential to provide an innovation cluster of companies, academic researchers and clinicians creating a new commercial neighbourhood in central London, which will become an integral and hugely beneficial part of the existing local community.
The scheme will accommodate the Waterloo Health and Innovation Hub that will provide outpatient facilities, clinical support spaces, teaching and research spaces where collaboration with industry partners is imbedded into the facility. Three further commercial buildings are planned that will provide space for larger businesses, SME’s and start up space for businesses who wish to collaborate with Kings Health Partners.
Royal Street’s USP is its location next to St Thomas’ Hospital, with its world leading medical and research facilities, supported by King’s College. King’s leading Faculty of Life Sciences & Medicine comprises more than 2,000 staff and 5,000 students across four London campuses. This co-location of medical and academia, reinforced by excellent transport connectivity, make it an ideal location for a MedTech cluster.
A planning application is currently being prepared for submission to the London Borough of Lambeth.
Delivery of the first phase is anticipated in 2024/5.
‘We know from our research into knowledge clusters, that a strong academic anchor is required for other knowledge economy business to cluster around for collaboration, access to talent, resource and insight. We have successfully accommodated four life science companies at White City Place, three spin out organisations and one mature corporate. This experience has helped us to learn more about accommodating knowledge cluster organisations, especially life science occupiers and the unique workspaces and working environments they require. This knowledge will help shape the delivery of pipeline knowledge cluster projects at the British Library and Royal Street.’
Charles Walford, Director, Stanhope