Geldards advised BioCity Group on the deal.
BioCity Group, the life sciences incubator based in Nottingham, has been acquired in a joint venture by Harrison Street, a leading investment management firm, and Trinity Investment Management, an operator, developer and manager of life sciences real estate.
The £120 million deal will see the merger of BioCity Group with Trinity’s science real estate arm, Knowledge Factory, to form a new company, We Are Pioneer Group.
The new group will manage more than 2.6 million square feet of science parks and other assets across Great Britain, supporting more than 500 tenants through early-stage venture capital investment and accelerator programmes.
We Are Pioneer Group plans to invest heavily in expanding these programmes as it collaborates closely with academics, government agencies and major pharmaceutical companies.
Jenny Chatten (Picture), Geldards’ partner for Corporate Finance, led a 15-strong team of solicitors on the deal from across the firm’s real estate, commercial and construction arms.
Involved fees earner: Jenny Chatten – Geldards;
Law Firms: Geldards;