The Howard de Walden Estate has made a significant move in its healthcare innovation strategy with the announcement of a £52m investment into a new Healthtech hub at Hale House.
In collaboration with Spacemade, the provider of flexible workspaces, the Estate expressed its intention to transform the Harley Street Health District into the premier international hub for health technology and innovation, as reported by .
The upcoming development at Portland Place will encompass three redesigned buildings, all tailored to accommodate health start-ups, investors, and venture capitalists.
UCLPartners, a leading º£½ÇÊÓƵ health innovation organisation, is set to be the anchor tenant at Hale House, taking up residence on the first floor of 76 Portland Place.
Chris Laing, Chief Executive of UCLPartners, commented: "Our new base will help us connect the health technology and life science sectors with healthcare providers, patients, and the public, developing novel solutions that will define the healthcare of the future".
The healthcare behemoth has reaffirmed its dedication to fostering innovation within the healthcare industry.
A new era for Harley Street
The £52m investment by Walden is part of a wider plan to rejuvenate the reputation of Harley Street.
This initiative signifies a turning point for the area, which has been synonymous with healthcare since the 1860s.
It aims to integrate traditional healthcare services with the latest in tech-driven health sectors, creating a comprehensive hub that merges preventative services, clinical care, and Health Tech under one roof.
Mark Kildea, the Chief Executive of Walden, has described the Hale House project as a "key step forward" in creating an integrated health district that aligns with the changing needs and trends within the sector.
The future of HealthTech
Hale House is set to be designed with collaboration at its core, featuring flexible spaces and various facilities.
These spaces are projected to accommodate over 600 individuals and aim to meet high sustainability standards such as BREEAM Excellent.
Richard North, the Head of Commercial Lettings at Walden, stated that this was part of "Howard de Walden's commitment to the highest standards in design, social impact and sustainability" through innovation.
Jonny Rosenblatt, Co-founder of Spacemade, labelled it as "the º£½ÇÊÓƵ's most collaborative HealthTech cluster".
He expressed his belief that industry-specific spaces like this are crucial for connecting HealthTech minds and driving healthcare transformation in a rapidly evolving generation.
This development and investment in health technology innovators comes after the property empire's significant tax loss earlier this year.
