Key facts
- Mitsui Fudosan will build its first rental laboratory facility in Europe.
- The facility will be located in central London as part of the British Library redevelopment.
- The project is valued at approximately $1.4 billion.
- The complex will provide R&D space for drug discovery companies and other sectors.
- Construction is scheduled to begin in July 2026.
Japanese real estate developer Mitsui Fudosan is set to construct its first rental laboratory facility in Europe, located in central London. This significant project, valued at approximately $1.4 billion, will be a key component of the British Library redevelopment. The initiative is designed to capitalize on the expanding life sciences sector and provide specialized research and development space for drug discovery companies and other innovation-driven industries.
Mitsui Fudosan has prior experience in developing similar facilities in Japan, such as the MITSUI LINK-Lab TOYOCHO 1, which accommodates research across diverse domains including life sciences, semiconductors, energy, food products, chemistry, and space. The London facility is expected to offer comprehensive support for R&D needs, facilitating the creation and fostering of new industries through innovation and collaboration.
Construction is slated to commence in July 2026, with the facility aiming to attract demand from companies seeking advanced research environments.