London, 11 December – Regent Quarter reached a major milestone as construction specialists ISG have now been appointed to complete the redevelopment of the estate into a life science led campus, with first phase due to complete in Q4 2025.
The scheme is owned by the Nan Fung Group and managed by the in-house expertise of Nan Fung Life Sciences Real Estate, Endurance Land, and The Mills Fabrica.
The first phase will deliver a transformation for the estate with the adaptive reuse of Jahn Court from commercial office to a fully fitted CL2 60/40% 100,000sqft laboratory and office environment to address the unmet needs of the London life sciences community. The repurposing of the existing building prioritises sustainability and social value through the Nan Fung Group’s SEWIT initiative of turning purpose into impact.
Matthew Powers, NFLSRE CEO, commented: “This marks a significant moment in the journey of NFLSRE expanding beyond the United States into a key market of United Kingdom. Following extensive consultation and planning activity, construction will now start on this major first phase of repositioning Regent Quarter into a Life Science led Ecosystem in the heart of the Knowledge Quarter. This investment in London Borough of Islington is integral to the council’s wider regeneration plan for the area and Nan Fung’s commitment to delivering wider social value for all.”
Jonathan Fletcher, Endurance Land CEO, commented: “Signing a contract with ISG is an exciting step in revitalising Regent Quarter. Our vision has always been to reactivate the estate and create positive impacts for the local area. Once works are completed, we are confident that Regent Quarter will greatly benefit both Islington and wider London communities by attracting world class tenants and contributing to the knowledge economy.”
The repositioned buildings will have impressive environmental credentials, including: BREEAM excellent, low embodied carbon (353kgCO2e/m2), as well as an all-electric services solution. The development will also seek to increase biodiversity in the area. The estate’s social value plan has already commenced, aimed to increase positive social and community impact in the greater Islington community.
Jason Curtis, Managing Director for ISG commented: “This important milestone is the culmination of extensive collaboration over the past 12 months, and we are excited to get started on the construction phase and deliver this transformational project for King’s Cross.
“This scheme represents one of the UK’s largest life science conversion projects and creates significant opportunity to deliver wider social value benefits as we work with local stakeholders and Islington Council to maximise this investment potential. This includes partnering with local schools, colleges, employment agencies and our wider supply chain to create wide-ranging skills and employment opportunities.”
The scheme is designed by Piercy and Co with other members of the team including nbbj, Hoare Lea, Arup and Gardiner and Theobald. The leasing team is jointly led by the life sciences team at Savills and Cushman & Wakefield.
About Nan Fung Group
Building a Global Stage for Talents from All Walks of Life.
From homes to talent hubs, Nan Fung Group has led the industry for decades. Through the development and acquisition of properties internationally, we are expanding our portfolio in unprecedented ways, and will continue to flourish as a property and talent developer.
With net assets around £11 billion, the Group’s track record spans over 170 projects comprising over 69 million square feet. The Group also holds a well-diversified financial investment portfolio and has made significant investments in the life science sector globally.
About Nan Fung Life Sciences Real Estate
Nan Fung Life Sciences Real Estate (“NFLSRE”) is an innovative, premier real estate investment and operating company established in 2019 focused on acquiring, developing and managing life sciences related properties in innovation-driven markets across the United States and United Kingdom.
Based in Boston MA, NFLSRE is led by a world class management team with over 75 years of combined life sciences real estate development and operations experience.
NFLSRE is a subsidiary of Nan Fung Group.
About Endurance Land
Endurance Land is a privately owned property company that specialises in the refurbishment, development and active management of real estate with a particular focus on creating market leading workspace in Central London.
The company’s mission is to be an industry leader in sustainable and technology driven development and property investment.
Endurance Land has an experienced management team and an exemplary track record spanning all aspects of the property lifecycle from acquisition to all aspects of development and asset management. Endurance Land is a member of Nan Fung Group.
About The Mills Fabrica
The Mills Fabrica is the innovation arm of The Mills, the landmark revitalization project which stems from the Nan Fung Group’s textile legacy in Hong Kong, transforming its cotton spinning mills from the 1950’s into a new centre for heritage, experiential retail and innovation.
Fabrica is dedicated to supporting techstyle and agrifood companies transition to a more sustainable future. With its business incubator, investment fund, spaces in Hong Kong and London, and community-building initiatives, The Mills Fabrica aims to create success stories of collaborations between the innovators and visionaries, to brands and corporates, that together, will drive positive change for future generations.
Officially launched in Hong Kong in 2018, Fabrica has expanded to London in 2021 at Regent Quarter, Kings Cross.