LS Estates received approval for €234m project in Canary Wharf

LS Estate has received approval for the repurpose of an office building in London’s Canary Wharf for life sciences and technology tenants, totaling €234 million ($262 million).

The 17 Columbus Courtyard project will consist of the nine-floor building expanding to 23,200 square meters (249,723 square feet) of flexible laboratory and office space.

Paul Bailey, managing director Life Sciences at LS Estates said, “We have begun to witness the emergence of Canary Wharf as a new life sciences cluster within London, and 17 Columbus Courtyard will be one of the first lab-enabled buildings of scale to satisfy that increasing demand. With flexible floorspace and specification options available, we feel that occupiers will be able to focus on growing their businesses in a suitably collaborative environment.”