Lateral Expands Science & Technology Portfolio with Cavell Street Acquisition

Lateral has strengthened its science and technology portfolio with the acquisition of a half-acre prime site on Cavell Street, Whitechapel, adjacent to The Royal London Hospital, in an off-market deal.

Established to enter the science and technology market, Lateral is building a presence in Whitechapel’s life sciences ecosystem, leveraging the area’s concentration of world-class institutions including Barts Health NHS Trust and Queen Mary University of London.

Lateral plans to submit a planning application by the end of 2022 for the development of flexible units designed to attract both established sector players and emerging start-ups or spin-outs.

The redevelopment is part of Lateral’s research-led approach to create collaboration-focused spaces that connect healthcare professionals, academics, and innovation-led companies, helping to accelerate research translation and foster inclusive growth across East London.