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Utilities
In a move to solidify its presence in the science and technology leasing market, British Land has appointed Carter Jonas as a joint leasing agent for its revolutionary Paper Yard research and development campus at Canada Water. This strategic partnership aims to capitalize on the growing demand for innovative, flexible lab spaces in London, particularly among cleantech companies seeking to integrate into vibrant science and technology hubs.
Located in the heart of the 53-acre Canada Water development, Paper Yard offers 33,000 sq ft of CL2 lab and office space. This campus is a result of modular construction techniques, allowing for rapid completion and minimal disruption to the local community. The modular design provides businesses with scalable solutions, enabling them to adapt their space as needed. Paper Yard is designed to foster collaboration and innovation, with features such as:
These amenities are crucial for startups and established companies alike, particularly those in the cleantech and climate tech sectors.
The appointment of Carter Jonas alongside Savills enhances British Land's ability to attract both national and international companies, particularly those specializing in cleantech and climate tech. This partnership complements the existing relationships with TEDI-London, a key institution co-founded by King's College London, Arizona State University, and UNSW Sydney.
Among the notable tenants at Paper Yard are Chemastery, a startup focused on optimizing chemical research and manufacturing, and Prosemino, a venture builder dedicated to developing innovative clean energy technologies. Prosemino has leased over 2,500 sq ft of lab and office space, marking a significant expansion of its operations.
The diverse community of tenants benefits from British Land's commitment to delivering high-quality spaces that support the growth of life science and innovation sectors in London and beyond.
The broader Canada Water Masterplan is a 50:50 joint venture between British Land and AustralianSuper, backed by Southwark Council. This ambitious scheme will transform 53 acres into a vibrant mixed-use district featuring:
The project aims to create a thriving ecosystem that combines sustainability, innovation, and community engagement, attracting a wide range of businesses and residents.
The lab space shortage in the UK, particularly in the Golden Triangle of Cambridge, Oxford, and London, has driven interest in emerging hubs like Canada Water. This area offers a unique combination of affordability, accessibility, and innovation support, making it an attractive option for startups and established companies alike.
Canada Water is positioned to become a leading climate tech cluster in London, leveraging its proximity to central hubs and universities, as well as its emphasis on sustainability and community building.
British Land's increased focus on the Canada Water labs, combined with strategic partnerships like the appointment of Carter Jonas, underscores its commitment to fostering a thriving science and technology ecosystem. As demand for innovative lab spaces continues to grow, Paper Yard and the broader Canada Water development are poised to become pivotal hubs for cleantech and climate tech innovation in London.
