When it is complete, the £1 billion development in Sutton is expected to support 13,000 jobs in total and contribute £1.2 billion a year to the UK economy.
Aviva’s in-house capital unit Aviva Capital Partners and mixed-use developer Socius are planning a £1 billion development to create the world’s leading centre for cancer research and treatment in Sutton, London.
A planning application has been submitted to the London borough of Sutton for the development which will be delivered on a 12-acre site at the London Cancer Hub, adjacent to The Institute of Cancer Research and The Royal Marsden NHS Foundation Trust’s Sutton site.
Aviva Capital Partners and Socius intend to build a research and laboratory space in order to bring leading life sciences companies together with academic researchers and clinicians to drive innovation in cancer research.
“The London Cancer Hub has great potential to enhance our scientific partnerships with companies in the pharmaceutical and broader life-sciences industries, in areas from the discovery and development of new cancer drugs to the creation of new treatment and diagnostic technologies,” said Kristian Helin, chief executive of The Institute of Cancer Research.
Supporting jobs
The firms say that the development will support 3,000 new jobs, the majority of which will be in R&D and small-scale manufacturing related to life sciences.
The London borough of Sutton says that by the time the development is complete, it expects the London Cancer Hub to support 13,000 jobs in total and contribute £1.2 billion a year to the UK economy.
The new buildings will range from large-scale facilities for global pharmaceutical and life sciences companies to smaller, flexible lab and incubator spaces for start-ups, with the capacity to accommodate wet labs, good manufacturing practice facilities, specialist equipment as well as modern office and collaborative workspaces.
Aviva Capital Partners and Socius say that the buildings will exceed mandatory sustainability and energy efficiency standards with the aim of achieving net-zero carbon in operation.
The development will also deliver new amenities to support workers including restaurants and cafes, a creche and affordable homes for approximately 220 key workers.
It will also, they say, include classroom and educational spaces to inspire the next generation to pursue a career in science and technology.
The planning application has been submitted following extensive consultation with the local community. It is expected to be determined in 2025.
