BREAKTHROUGH IN THE NEWS

Legend set to open Philadelphia cell therapy R&D site next year

By James WaldronLegend Biotech appears to be on a mission to shake up its cell therapy development. A week after signing up to collaborate on a robotic cell therapy manufacturing system, the biopharma has unveiled plans for a new R&D site in Philadelphia. The 31,000-square-foot facility in Philadelphia's Center City district is expected to open in the third quarter of 2025, the company said in an Oct. 3 release. Legend—one half of the team behind…

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Breakthrough Properties Welcomes Pfizer Oncology to Torrey View Campus; Announces Important New Collaboration with Pfizer Ignite

Long-Term Lease Brings Breakthrough’s 520,000-Square-Foot Premier Research and Development Campus to 100% Leased Prior To Construction Completion Breakthrough Properties, a leading global life sciences real estate developer, owner and operator, is pleased to welcome Pfizer Oncology to Torrey View, its premier life science campus quickly nearing completion in San Diego. As part of a 15-year, 230,000-square-foot lease, Pfizer will drive its commitment to accelerating breakthroughs for cancer patients utilizing two state-of-the-art research and development buildings.…

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Breakthrough Properties Secures £104 Million Loan and Planning Approvals For Vitrum by Breakthrough at St. John’s Innovation Park

Construction Commences on Premier Lab & Office Workspaces to Address the Growing Needs of the Cambridge Bioscience Ecosystem Cambridge, England (January 30, 2024) – Breakthrough Properties, a leading global life sciences real estate developer, owner and operator, today announced it is set to begin construction on Vitrum by Breakthrough, a world-class life science building located inside the 21-acre St. John’s Innovation Park in Cambridge, England. A joint venture of global developer Tishman Speyer and biotechnology…

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Breakthrough Properties Acquires Majority Interest in Callan Ridge, A Newly-Constructed, Fully-Leased Life Science Campus in Torrey Pines

The Acquisition, Via a Strategic Joint Venture with Healthpeak Properties, Further Accelerates Breakthrough’s Growth in Premier Biotech Hubs San Diego, CA (January 10, 2024) – Breakthrough Properties (“Breakthrough”), a leading global life sciences real estate developer, today announced it has acquired a majority interest in Callan Ridge, a two-building Class A life science campus nearing completion in San Diego’s preeminent Torrey Pines cluster. The 185,000-square-foot campus is fully leased to Turning Point Therapeutics, Inc., a…

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Breakthrough Properties Breaks Ground in Heart of Oxford’s Life Science Innovation Cluster, Addressing Growing Demand for Cutting-Edge R&D Facilities 

U.K. Life Science Sector Expected to Grow by Nearly £9 Billion in the Next Three Years OXFORD, England, Nov. 1, 2023 /PRNewswire/ -- Breakthrough Properties, a leading global life sciences real estate developer, held groundbreaking events in October to herald the start of construction of Trinity by Breakthrough in Oxford, England, one of the leading academic and innovation clusters in the world. Trinity by Breakthrough Trinity by Breakthrough Groundbreaking Event; Credit: Brenna Duncan A joint venture of global developer Tishman…

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Breakthrough Properties to Develop New European Headquarters for Neogene Therapeutics

Breakthrough Expands its International Footprint, Entering the Burgeoning Amsterdam Life Science Community in Partnership with the Amsterdam University Medical Center Anticipated to be One of the World's Most Advanced and Sustainable Laboratory Environments, Kavel F by Breakthrough Aims to Achieve Carbon Negative Operations and a BREEAM Outstanding Rating AMSTERDAM, Sept. 21, 2023 /PRNewswire/ -- Breakthrough Properties, a premier global life sciences real estate developer, announced that it has reached an agreement with Neogene Therapeutics to develop its new…

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Breakthrough Properties Unveils Plans for Vitrum by Breakthrough In Cambridge’s Most Advanced Life Sciences Environment

Renowned Global Architecture Firm Henning Larsen Has Designed the Innovative UK Facility in St John's Innovation Park CAMBRIDGE, England, April 25, 2023 /PRNewswire/ -- Breakthrough Properties, a leading global life sciences real estate developer, today unveiled development plans for Vitrum by Breakthrough, a world-class research and development environment tailored to cutting-edge biotechnology companies that rely on modern, flexible workspaces to advance scientific discovery. Vitrum Rendering (courtesy Breakthrough Properties) Located inside St John's Innovation Park in Cambridge, England, Breakthrough will transform…

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Breakthrough Properties Unveils Plans to Create a World-Leading Research Building in Burgeoning Oxford Life Science Market

Trinity House by Breakthrough Development Will Include 169,000 SF of Research Labs and Offices to Address Demand for Cutting-Edge Environments Across U.K.'s Golden Triangle OXFORD, England, Jan. 11, 2023 /PRNewswire/ -- Breakthrough Properties, a leading global life sciences real estate developer, today unveiled development plans for its Trinity House by Breakthrough site in Oxford, England, one of the leading academic and innovation clusters in the world.  Trinity House by Breakthrough At the gateway of the 88-acre…

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Breakthrough Properties Welcomes CRISPR Therapeutics to the Company’s Newly-Completed R&D Headquarters in Boston

Grand Opening for The 105 by Breakthrough Celebrates Bringing CRISPR Therapeutics' Teams into New State-of-the-Art Life Sciences Environment  BOSTON, Oct. 6, 2022 /PRNewswire/ -- Breakthrough Properties (Breakthrough), a leading global developer of life sciences real estate, celebrated the completion and grand opening of The 105 by Breakthrough (The 105) in collaboration with CRISPR Therapeutics. The new state-of-the-art facility is fully leased to CRISPR Therapeutics and will serve as its new U.S. Research & Development headquarters. The 105 by Breakthrough Ribbon-cutting ceremony at…

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Breakthrough Properties Enters the Boulder Market with Acquisition and Development of Boulder 38 by Breakthrough

Breakthrough to Utilize its Expertise in Lab Development and Operations to Support Boulder’s Burgeoning Yet Underserved Biotech Community Boulder, CO (August 11, 2022) – Breakthrough Properties, a leading global developer of life sciences real estate backed by a joint venture of Tishman Speyer and Bellco Capital, today announced it has acquired a 9.3-acre, four-building campus in Boulder, CO, which will be transformed into “Boulder 38 by Breakthrough” featuring 164,000-square-feet of office, lab and flex space.…

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Breakthrough Properties Commences Construction of One Canal by Breakthrough, a Premier Life Science Research Center Along East Cambridge Waterfront

One Canal Will Cater to Mission-Driven Companies in One of the World’s Leading Biotech Clusters Boston, MA (August 3, 2022) – Breakthrough Properties, a leading global developer of life sciences real estate backed by a joint venture of Tishman Speyer and Bellco Capital, today announced it has commenced construction on the redevelopment of One Canal by Breakthrough, a four-story lab and office building in East Cambridge, Massachusetts. The property, acquired by Breakthrough in 2021, is…

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Breakthrough Properties Acquires Best-in-Class Life Sciences Development Site at 2300 Market in Philadelphia’s Vibrant Center City District

PHILADELPHIA, May 16, 2022 /PRNewswire/ -- Breakthrough Properties, a leading global developer of life sciences real estate backed by a joint venture of Tishman Speyer and Bellco Capital, today announced the acquisition and development of the 2300 Market Street block in Philadelphia's Center City district. Breakthrough plans to redevelop the site to support over 200,000 square feet of best-in-class life science space. Philadelphia ranks first in the nation for the National Institutes of Health (NIH) Grant Funding for cell and gene therapy and has…

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Breakthrough Properties Acquires St. John’s Innovation Park Building in Cambridge, UK’s Premier Life Sciences and Technology Cluster

Breakthrough Expands Platform in Europe with Second U.K. Acquisition in 2022 LOS ANGELES and LONDON, May 3, 2022 /PRNewswire/ -- Breakthrough Properties, a leading global developer of life sciences real estate backed by a joint venture of Tishman Speyer and Bellco Capital, today announced it has acquired The Vitrum Building, located on 1.8 acres inside St. John's Innovation Park in Cambridge, England, one of the region's premier clusters for life science innovation. A leader in development and operations of life science workspaces, Breakthrough Properties…

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Breakthrough Properties Raises $3 Billion to Develop Next Generation Life Science Ecosystems

Breakthrough Closes Largest Ever Dedicated Life Science Real Estate Fund, Excluding Recapitalizations of Existing Portfolios Final Closing Surpasses Initial $1.5 Billion Target to Support World's Leading Biopharma Companies in Key Clusters Across the United States and Europe LOS ANGELES, April 29, 2022 /PRNewswire/ -- Breakthrough Properties, a joint venture of Tishman Speyer and Bellco Capital, today announced the final closings for the Breakthrough Life Science Property Fund. The venture raised $3 billion in direct capital and co-investments, to scale a global portfolio of…

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LabCentral Ignite Platform for Life Sciences Diversity Awarded $400,000 in Grants and Matching Funds from the U.S. Economic Development Administration’s STEM Talent Challenge and Breakthrough Properties

Funding will be used to expand LabCentral Ignite's Career Forge program that matches under-represented individuals with professional jobs and internships in the biotech field CAMBRIDGE, Mass., March 23, 2022 /PRNewswire/ -- LabCentral Ignite today announced it has been awarded $400,000in grants and matching awards from the U.S. Economic Development Administration (EDA) and Breakthrough Properties to expand Career Forge, a program that provides free biotech skills training to first-generation college, Black, Latinx, and other historically excluded individuals and…

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Breakthrough Properties Launches “StudioLabs by Breakthrough” As Part of Its Rapidly Expanding Life Science Real Estate Portfolio

New innovation platform offers flexible, curated private lab and office suites designed for hyper growth life science usersInaugural StudioLabs location in San Diego is fully preleased to three venture-backed life science companies at the forefront of next-generation therapies SAN DIEGO, March 9, 2022 /PRNewswire/ -- Breakthrough Properties, a leading global developer and operator of Class A life sciences real estate backed by a joint venture of Tishman Speyer and Bellco Capital, today announced the launch…

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Breakthrough Properties Acquires 1.7-Acre Site for Its First Ground-Up Life Sciences Development in the UK

  LONDON, Feb. 1, 2022 /PRNewswire/ -- Breakthrough Properties, a leading global developer of life sciences real estate backed by a joint venture of Tishman Speyer and Bellco Capital, today announced the acquisition of the 1.7-acre Trinity House site in Oxford, England, one of the leading academic and innovation clusters in the world. Located at the gateway of the 88-acre Oxford Business Park, Trinity House presents Breakthrough with a unique opportunity to create a purpose-built, Class A office and lab environment…

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BD Selects Torrey View by Breakthrough as San Diego Campus for Growing Biosciences Business

SAN DIEGO, Nov. 22, 2021 /PRNewswire/ -- Breakthrough Properties, a leading global developer of life sciences real estate, formed through a joint venture of Tishman Speyer and Bellco Capital, today announced that leading global medical technology company BD (Becton, Dickinson and Company) has selected Torrey View by Breakthrough as home for an expanded San Diego Reagent Innovation Center for its growing BD Biosciences business.

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More Office Properties Are Becoming Labs in Top Life Sciences Cities

Developers are quickly converting some existing office spaces, but not every building is a good fit to include laboratory space. Investors are eager to buy life sciences buildings—which may look like conventional office properties on the outside, but contain hard-to-find laboratory space on the inside. In about a dozen top cities where life sciences companies are located, demand is high and rents are growing quickly for lab spaces and life sciences buildings. Investors are willing to…

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Biotech Is Blasting Through Previous Funding Records, Fueling Building Rush

Money continues to flow heavily into the life sciences, and as it flows into private companies developing new medicines and technologies, so does it flow into the balance sheets of the companies that provide them with office and lab space. Venture capital firms invested a record $26B into life sciences companies in the first six months of 2021, according to Newmark's 2021 Mid-Year Life Sciences report, shattering last year’s record pace when $33.1B was raised…

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Navigating The New Normal: Life Sciences Real Estate in Europe — A Maturing Asset Class

DEMAND FOR LIFE SCIENCES REAL ESTATE There are many factors driving record levels of investment in the life sciences sector: an aging population, the convergence of scientific breakthroughs across different disciplines, national and regional government support and now, a global pandemic. In addition, the use of artificial intelligence and data is accelerating outcomes in this sector, which has witnessed many life sciences companies investing heavily in the recruitment and retention of “tech and data talent”…

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SCIENCE IN THE CITY – DIGITAL SUMMIT: PROVIDING LIFE SCIENCE SPACE IN URBAN CENTRES

What You'll Learn: Key considerations including land availability, financial incentives and potential rental value when developing urban life science real estate. Emerging urban clusters — how city centres are positioning themselves to attract occupiers and talent compared to campus innovation hubs. Meeting demand — creative strategies to reposition low income generating space into lab and R&D workspace. How real estate owners and investors are finding new ways to engage with early-stage life science companies by…

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10 Outstanding Women Leaders: Susie Harborth: Lowering Barriers to Female Biotech Leadership

BOSTON–The Executive Vice President of Business Operations at Breakthrough Properties, a Tishman Speyer and Bellco Capital JV, Susie Harborth has been at the forefront of real estate innovation by developing a coworking platform for life science companies over the past decade. As a co-founder and COO of BioLabs, an affiliate innovation platform of coworking lab spaces and services for startups, and an Advisor to Labcentral in Cambridge, MA (Kendall Sq), Harborth lowered the high barriers…

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Breakthrough Properties Raises $1 Billion for Life Science Real Estate Investments

NEW YORK and LOS ANGELES, Nov. 23, 2020 /PRNewswire/ -- Breakthrough Properties ("Breakthrough"), a joint venture formed in 2019 by Tishman Speyer and Bellco Capital ("Bellco"), has completed the initial closings of the Breakthrough Life Science Property Fund (the "Fund"). The venture has, in aggregate, raised over $1 billion in capital for the Fund and in co-investments. Breakthrough is seeking additional capital, including for the perpetual life real estate investment vehicle that was created as part of…

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Breakthrough Properties Executes Full-Building Lease With Leading Gene Editing Company for Next Generation Life Science Development in Boston’s Seaport Neighborhood

Lease for “The 105” executed one year after acquisition of the site, exemplifies Breakthrough’s ability to create dynamic ecosystems for industry-leading biotechnology companies. 263,500-square-foot lease transaction underscores rapid growth of Boston’s life sciences industry, strength of the biotechnology sector, and demand for modern research facilities to support scientific innovation.

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Boston Biotech Office, Filled 18 Months Before Completion, Shows Surging Demand

Switzerland-Based Gene Editing Firm Crispr Therapeutics Agrees to Take New Lab Space Near Seaport District Developers of one of the latest life-sciences office buildings to spring up in and around Boston’s Seaport District have landed a tenant 18 months before the project’s expected finish, reflecting demand in the nation's largest biotech region.

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Harvard taps Tishman Speyer to manage first phase of its new 36-acre research campus — and biotechs can’t wait

Tishman Speyer got the nod to lead the development of the first phase of Harvard’s new Enterprise Research Campus in Allston, which will be landing in the middle of one of the busiest biotech hubs in the world — where demand for new space is sky-high. And they’ll be supported by a partner with deep ties to biotech, with Arie Belldegrun’s Breakthrough Properties playing a key role in styling part of the facilities specifically for…

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Harvard Designates Tishman Speyer As Preferred Developer For Initial Phase Of Enterprise Research Campus In Allston

World Renowned Developer Prioritizes Public Realm, Place-Making, Sustainability, Diversity, Affordable Housing in Proposal BOSTON, Dec. 19, 2019 /PRNewswire/ -- The Harvard Allston Land Company (HALC) has designated Tishman Speyer as the preferred developer for the initial phase of Harvard University's Enterprise Research Campus (ERC) in Allston. Led by President and CEO Rob Speyer, Tishman Speyer is a global developer of large, complex, mixed-use projects and is best known for innovative approaches to architecture, placemaking, interior design,…

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Kite’s Belldegrun Launches Biotech-Focused Real Estate Company, Breakthrough Properties

Arie Belldegrun, founder and former chair, president and chief executive officer ofKite Pharma, has teamed up with real estate developer Tishman Speyer to launch a biotech-focused real estate company, Breakthrough Properties. Kite was acquired by Gilead Sciences in 2017 for $12 billion. Belldegrun’s family company, Bellco Capital, entered the joint venture and has bought its first property, a one-acre site in Boston’s Seaport District. The site went for $80 million. Breakthrough is also looking at…

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