Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}
Watson & Crick Hill Watson & Crick Hill

News

Life Sciences on the Rise – Sale of the Watson & Crick Hill Park

The Cushman & Wakefield Capital Markets team exclusively advised on the disposal of the Watson & Crick Hill park; an unrivalled science park located within the Louvain-la-Neuve Scientific Park in the south of Brussels. 

Watson & Crick Hill park

Watson & Crick Hill hosts 6 buildings providing a variety of surfaces, including offices, laboratories, clean rooms and polyvalent spaces. The existing buildings offer a total area of roughly 28,000 sq m and the park has a further development opportunity of no less than 22,000 sq m. Unlike a traditional business park, the Louvain-la-Neuve Scientific Park selects and hosts primarily innovative companies – varying from start-ups to MNCs – that carry out activities relating to R&D, high-tech production or other scientific endeavours. 

The park was originally the main production site of the Eli Lilly and was repositioned into a R&D park. Our Capital Markets team sold the asset in 2016 to a private investor who further developed the site and generated a true campus feeling thanks to convenient infrastructure, brand-new equipment and creating a greener environment. 5 years later, Cushman & Wakefield was again entrusted for the sale of this unique science park.

Life Science

The global life sciences industry has been on the rise, growing more rapidly than ever over the past decade—well before the pandemic struck. In fact, its trajectory only accelerated throughout 2020 and into early 2021—with demand for its products surging and access to capital continuing to greatly expand in both periods. All of this capital and research driving growth of the life sciences industry is having a significant impact on commercial real estate across the country where this sector has taken root.

Key Takeaways:
  • Despite its size, Belgium is a key life-science cluster in Europe as nearly every large pharma group is present on its territory
  • The global and Belgian life sciences industry have been on the rise, growing more rapidly than ever over the past decade stimulated by capital injections from both private and public organisations
  • Life sciences is a good alternative asset category for investors since this sector is appearing to be recession-proof and ultimately a good hedge against the home-working trend
  • COVID-19 has further cemented the strength of the life sciences industry and its rapid development with new technologies opening the door to new possibilities
  • There is a clear rise in education levels and the population of researchers and workers in the life science industry in Belgium and Europe

Meet the team

Michael Despiegelaere
Michael Despiegelaere

Head of Capital Markets
Brussels, Belgium


+32 2 546 08 59

Download VCard

Nigel Beller
Nigel Beller

Capital Markets-Senior Investment Advisor
Brussels, Belgium


+32 2 510 08 05

Download VCard

FEATURED PRESS RELEASES

Buildingsangle750x456
Cushman & Wakefield’s Asset Services Launches Operational Asset Management Solutions In EMEA

Cushman & Wakefield’s Asset Services business has extended its service offering in EMEA to include operational asset management solutions alongside property management, ESG, placemaking and related asset services.

31/05/2022

mipim logo

MIPIM 2022

15/03/2022 • 12:00 PM

Cannes, France

latest INSIGHTS

The future of the Belgian office market
Insights • Office

The future of the Belgian office market

Some updated insights on the Belgian office market. 
Cédric Van Meerbeeck • 16/11/2022
Belgian Life Sciences
Insights

Life sciences in Belgium

Get unique perspectives on today’s life sciences market in Belgium and discover why this market becomes a focus for both occupiers and real estate investors. 
13/09/2022
The Belgian Residential Market
Insights • Residential

The Belgian Residential Market

Read our latest insights on the Belgian Residential Market and discover the main challenges and opportunities for investors regarding this rising asset class.
23/05/2022
The future of the office in Belgium
Insights • Workplace

The future of the office in Belgium

In this article, we examine what the future of the office will look like. We show you how office space will continue to add value to employees and employers in the future.
25/04/2022
Brussels Office Marketbeat
Insights • Economy

Belgium Real Estate Market View

A regular update on the commercial real estate market in Belgium.
Cédric Van Meerbeeck • 25/03/2021
The investment market in Belgium
Insights • Investment

The investment market in Belgium

Discover our regular update on commercial real estate investment in Belgium for office, retail, industrial and logistics. 
Cédric Van Meerbeeck • 28/01/2021

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.
MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS