The move to the former BBC HQ allows the company to grow rapidly to meet demand for its ‘Lab of the Future’ software
LONDON 2 July 2018 - Synthace Ltd., the company behind the leading cloud software platform for automating and improving the success rate of biological research and development, today announced that it has become the latest life sciences company to sign up with Stanhope, Mitsui Fudosan and AIMCo and move to the WestWorks building at White City Place.
The announcement follows the news that NASDAQ-listed biopharmaceutical company Autolus has chosen to relocate to White City Place, and consolidates its reputation as a new hub for rapidly scaling life science companies. Moving from their current location in St Pancras, Synthace will take 13,000 square feet on the fourth floor of the WestWorks building.
Synthace will initially move 40 people to the site, rising to 80 within a year as the company’s growth accelerates. A leader in Computer-Aided Biology, Synthace’s cloud software enables life science companies to realise their Lab of the Future ambitions, where automation and AI combine to drive vast improvements in the speed, cost and reliability of developing biotechnology.
In 2016 Synthace was selected as one of the world’s 30 most promising Technology Pioneers by the World Economic Forum and in 2018 was selected as a Gartner ‘Cool Vendor in Life-Sciences’. Following a £7.3 M Series-A round in September 2017, the company has doubled in size and appointed Silicon Valley Veteran Bob Wiederhold as its Chairman.
White City Place, the former site of the BBC HQ, is an emerging hub of innovative life sciences start-ups and other technology companies anchored by Imperial College’s White City campus in West London.
In addition to life sciences, the White City Place development is already home to leading companies including the fashion technology platform Yoox Net-a-Porter; OneWeb, a satellite telecoms firm backed by Richard Branson; JellyCat, the soft-toys maker; Cutting Edge Group, a music financier, producer and service provider; and ITV studios who relocated their daytime production business and shows including This Morning and Loose Women from their South Bank Studios to Television Centre
Tim Fell, Chief Executive of Synthace said, “These excellent new facilities, and Stanhope and Mitsui Fudosan’s commitment to the life sciences, makes White City an ideal place to relocate and scale our business. The advantages of being within a vibrant life science and tech hub are of huge benefit to a dynamic company like ours.”
David Camp, Chief Executive of Stanhope said, “The arrival of Synthace at WestWorks, alongside neighbouring life sciences company Autolus, puts White City Place on the map as part of a leading concentration of biotechnology and biopharmaceutical companies, facilitating the growth, development and investment necessary for the ongoing success of the UK’s ‘knowledge’ economy. We look forward to welcoming Synthace to White City.”
Eiichiro Onozawa, Managing Director, Mitsui Fudosan said, “With state-of-the-art office space and socialising, dining and retail offerings, the landscape of White City Place has been transformed as a destination of choice for the most innovative life sciences, creative and tech organisations. Synthace are well suited to this new location as a hotbed for life sciences and bioscience alongside Autolus and we are delighted to announce their arrival.”
Knight Frank and Cushman & Wakefield acted for Stanhope. Colliers International Life Sciences represented Synthace.
Notes to Editors
White City Place
Stanhope, Mitsui Fudosan and AIMCo are the developers and owners of the 17 acres at the one million square foot business district at White City Place.
White City Place includes a group of three buildings in White City – WestWorks, MediaWorks and the Garden House - from architects Allies and Morrison, set around a central avenue with high-quality retail spaces, restaurants and gardens. Totalling 566,290 square feet of new office space, the buildings have been designed for modern life sciences, creative and tech businesses, including ITV Studios, YOOX Net-A-Porter, The Royal College of Art and Huckletree.
Three other buildings at White City Place - the Broadcast Centre, Energy Centre and Lighthouse building - totalling around 400,000 square feet, will continue to be occupied by the BBC with 3,000 BBC staff.
www.whitecityplace.com
