Harrison Street and Trinity Investment Management have agreed to acquire a portfolio of five life sciences and innovation properties across the United Kingdom.
As part of this acquisition, Harrison Street and Trinity have formed a strategic joint venture partnership to invest in the life sciences sector throughout the United Kingdom and Europe.
This is the largest private life sciences portfolio in the United Kingdom and enables Harrison Street to enter the sector with an income-producing portfolio at scale and to establish a major presence in the life sciences real estate market. Entry into the life sciences sector is a further expansion of Harrison Street’s European platform, which since its establishment in 2015 has invested €2.4 billion ($2.7 billion) in the student accommodation and private rented sectors.
The portfolio consists of a combined total of approximately 1.6 million square feet of lab and office space located across the United Kingdom with as