Sutton in South London is one of the most important areas for cancer treatment in the world. It is home to the Institute for Cancer Research’s facilities, including labs for clinical studies, genetics, radiotherapy, and more. In addition, there is Royal Marsden Hospital, a cancer treatment specialist. A new development has also been announced that will bring even more facilities. We want to look at it today because it is one of the most interesting examples of property investment in Sutton.

The plan

Last week the London Borough of Sutton was happy to reveal they had chosen Aviva and Socius as partners for a new multi-phase development. It will develop a five hectare site to create the London Cancer Hub (LCH). The life sciences district will have a million square feet of state of the art commercial space.

What makes this project special is it will be a collaboration between so many different parties. The London Borough of Sutton is the land owner. Aviva is providing the finance as part of their mission to invest in healthcare, housing, and green energy in the UK. Socius is a developer that specialises in mixed-use spaces. The Institute for Cancer Research, Royal Marsden Hospital, and Epsom & St Helier University Hospitals will also contribute to the project.

The LCH will deliver new breakthroughs by facilitating collaboration between groups. This includes academics, clinicians, and industrial stakeholders. As a result, it will bridge scientific and organisational boundaries to focus on developing treatments. They will be able to go from concept, to clinical development in labs, to delivery in the hub.

The impact

The creation of the LCH will provide a number of benefits, making it the most significant piece of property investment in Sutton.

Firstly, it will become one of the world’s leading districts for cancer treatment. It will make the UK a global leader. That could attract experts and businesses from around the world.

Secondly, the new facilities will directly lead to economic benefits such as new education opportunities. The belief is the development could create 13,000 jobs in various areas, including health and science. There will also be plenty of work for construction to create the new buildings.

Finally, it will benefit locals in a big way. It will expand their access to high quality treatments even more. In addition, it could lead to further investment in the local infrastructure.

Do you want to explore property investment in Sutton?

Finefair Ltd is an authority on investing in London. We have hands on experience with our own portfolio. Then, we manage assets for numerous other clients. These properties are diverse, ranging from luxury homes to apartments, blocks, estates, and HMOs. Luckily, we have the knowledge and skills to look after them. Plus, we can help with guaranteed rent, portfolio reviews, and more.

So, if you want help with property investment in Sutton, speak to us. We’ll be happy to recommend services for you.