BREAKTHROUGH IN THE NEWS

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.…

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…

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…

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…

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…

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…

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…

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…

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.…

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…

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…

  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…

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.

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…

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…

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”…

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…

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…

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.

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…

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,…

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…