Author: longfellowstg

Longfellow Real Estate Partners Announce Agreement to Enter into Joint Venture with PSP Investments & Norges Bank Investment Management

New joint venture set to invest in and develop innovative life science real estate in key UK markets

London, UK (18/10/2022) – Longfellow Real Estate Partners announced today it has exchanged agreements to enter into a partnership with the Public Sector Pension Investment Board (PSP Investments) and Norges Bank Investment Management (NBIM). The partnership between the three parties is expected to complete in November and is targeting a £1.5BN venture focused on investing in life science and innovation real estate across the UK, with a particular emphasis on the Golden Triangle markets of Cambridge, Oxford, and London.

The Golden Triangle has developed into one of the leading innovation clusters in the world, anchored by globally significant universities, research institutes and teaching hospitals, a high-quality talent pool, access to capital, and a broad range of exciting start-up, growth and blue-chip companies.

Within the initial phase of the partnership, NBIM will join PSP Investments and Longfellow in the ownership of Capital Park Cambridge, which was acquired in May 2022. This 42-acre campus, located in Cambridge, UK, provides approximately 245,000 square feet of innovation-focused workspace that is home to a dozen companies from sectors including fintech, agtech and biotech, through to patent law and the NHS. Cambridge is a high-functioning ecosystem where research excellence, a deep base of skills and an open culture combine with a sophisticated investment environment, and the UK’s most mature life science real estate market to create a dynamic environment for industry-academic-clinical collaboration and innovation.

“The joint venture with Norges Bank Investment Management and PSP Investments is evidence of the strength of Longfellow’s life science real estate platform and focus,” said Longfellow Real Estate Partners Co-Founder & CEO, Adam Sichol. “Together we see the opportunity to create thoughtful, world class space to support a range of occupiers across the UK’s life science and innovation ecosystems.”

Jayesh Patel, Head of UK Real Estate, Norges Bank Investment Management commented, “We look forward to working with Longfellow and PSP Investments over the long-term in the UK life science sector.”

“We are pleased to have reached agreement to welcome NBIM to the life sciences partnership with Longfellow,” said Stéphane Jalbert, Managing Director, Head of Asia-Pacific and Europe, Real Estate Investments, PSP Investments. “This venture will allow us to invest at scale in the fast-evolving life science sector, helping creating ecosystems where corporates, universities, and start-ups are forming clusters that enable knowledge sharing and innovation.”

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About Norges Bank Investment Management
Norges Bank Investment Management is the asset management division of Norges Bank, the Norwegian central bank. As manager of the Government Pension Fund Global, its mission is to safeguard and build financial wealth for future generations in Norway. The fund is invested globally in equity, fixed income, real estate and renewable energy infrastructure. It had investments worth 11,657 billion kroner, or $1.2 trillion, as of 30 June 2022.

About PSP Investments
PSP Investments is one of Canada’s largest pension investment managers with approximately C$230.5 billion of net assets as of March 31, 2022. It manages a diversified global portfolio of investments in public financial markets, private equity, real estate, infrastructure, natural resources and private debt. Established in 1999, PSP Investments manages net contributions to the pension funds of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montreal and offices in New York, London and Hong Kong. For more information, visit www.investpsp.com or follow PSP Investments on Twitter and LinkedIn.

About Longfellow Real Estate Partners
Longfellow Real Estate Partners is a real estate investment company founded in Boston, Massachusetts in 2009. With over 200 employees in bio-innovation clusters across the US and UK, Longfellow partners with renowned universities and pioneering life sciences and technology companies to help bring visionary ideas to life. Driven by a passion to support those working to advance the human condition, Longfellow continues to grow and expand in the name of scientific progress. For more information, visit https://lfrep.com.

Press Contacts
Maria Constantinescu – PSP Investments
Director, External Communications
Phone: +1 (514) 218-3795
E-mail: media@investpsp.ca

Casey Angel – Longfellow
Director, Corporate Communications
Phone: +1 (619) 400-7990
E-mail: cangel@lfrep.com

Longfellow Real Estate Partners Announces Partnership with Celebrity Chef Richard Blais and Highly Anticipated Sorrento Mesa Restaurant, California English   

SAN DIEGO, CA (September 28, 2022) – Longfellow Real Estate Partners (Longfellow), the largest privately held investor and developer of life science buildings in the world, announced their upcoming partnership with celebrity Chef Richard Blais, who is currently co-hosting FOX’s hit show Next Level Chef. Chef Blais, known for creating and operating some of the area’s most popular and successful restaurants, will bring his imaginative flair to the first restaurant in the partnership, California English, a space where professionals and neighbors can gather in the thriving Sorrento Mesa district.

Set to open its doors in early 2023, California English will serve as a place where the relaxed meets the refined and SoCal meets Great Britain in a unique experience for the San Diego submarket. Chef Blais will present a classic menu featuring the highest quality Californian ingredients in this 6,000-square-foot, European-inspired eatery. Patrons can lounge on the expansive lawn, sip inventive cocktails at the veranda bar, or savor a tasty dish in the quaint interior.

“I’m incredibly excited to partner with Longfellow and be a part of their positive additions to the San Diego area and present my first full-service restaurant with them,” said Chef Richard Blais. “California English will be a fun take on the classic and casual bistros of Europe presented through the lens of Southern California’s produce and people. With an all-day menu perfect for a leisurely lunch, post work dinner meeting or a date night with friends or family, I can’t wait to continue to create and cook for the San Diego food scene.”

The first restaurant in the partnership will open at Longfellow’s Biovista development on the corner of Mira Mesa Boulevard & Scranton Road, conveniently located off the I-805 and I-5 Freeways in the heart of Sorrento Mesa. In addition to California English, the partnership between Longfellow and Chef Blais is set to grow with another restaurant scheduled for the following year at Longfellow’s upcoming development Bioterra, located less than a mile away on Oberlin Drive.

“Our team is thrilled to welcome Chef Richard Blais and his newest restaurant, California English, to Longfellow’s campus next year,” said Nick Frasco, Chief Investment Officer West & Managing Director at Longfellow Real Estate Partners. “Developments like Biovista and Bioterra thrive on the forward-thinking live-work-play campus model, and the partnership between Longfellow and Mr. Blais will not only enhance these campuses, but the entire community with these world-class dining options. California English is a testament to Longfellow’s continued investment in the region.”

Open to the public and the community’s foremost innovators, the dining experience becomes the newest addition to Longfellow’s 4+ million square foot portfolio in San Diego, which strives for a wholistic experience in its developments. California English is also just minutes away from Longfellow’s award-winning SOVA Science District campus, which includes an amenity center complete with an on-site gym, and additional dining and beverage options, including New English Brewing, The Craft Taco Truck, and The Coffee Cart Café.

From the interior design to the enticing menu, Longfellow and Chef Blais are prepared to embrace the San Diego lifestyle with English charm. For more information on the grand opening of California English, visit www.california-english.squarespace.com and follow on social media at @californiaenglishsd.

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About Chef Richard Blais
Richard Blais is a successful chef, James Beard nominated cookbook author and television personality. Widely recognized from Bravo’s Top Chef series, Richard was the winner of the inaugural Top Chef All-Stars Season. Currently, he co-hosts FOX’s Next Level Chef with Gordon Ramsey and Nyesha Arrington.

About Longfellow Real Estate Partners
Longfellow Real Estate Partners is a real estate investment company founded in Boston, Massachusetts in 2009. With over 180 employees in bio-innovation clusters across the US and UK, Longfellow partners with renowned universities and pioneering life sciences and technology companies to help bring visionary ideas to life. Driven by a passion to support those working to advance the human condition, Longfellow continues to grow and expand in the name of scientific progress. For more information, visit https://lfrep.com.

Press/Media Contact

Casey Angel, Longfellow – Corporate Communications
+1 (619) 400-7990 • cangel@lfrep.com

Longfellow Continues to Build Out San Diego Portfolio with First Ground-up Development in Growing Sorrento Mesa Biotech Cluster

Bioterra campus groundbreaking is a milestone as top life science developer delivers on projects spanning 90 acres across Sorrento Mesa and Sorrento Valley

San Diego, CA (August 3, 2022) — Longfellow Real Estate Partners, the largest privately held investor and developer of life science buildings in the United States, celebrated the groundbreaking of Bioterra, its first ground-up life science development in San Diego.

A milestone in Longfellow’s commitment to building out the burgeoning biotech cluster in the Sorrento Mesa and Sorrento Valley submarkets, Bioterra will consist of over 323,000 square feet in six stories. The new campus, designed by HOK with McCarthy Builders as the general contractor on the project, will feature a beautiful rooftop patio overlooking Sorrento Mesa, with specially curated food and beverage options open to the public. Consistent with Longfellow’s commitment to be a leader in delivering environmentally sustainable and socially responsible projects, Bioterra will be the first all-electric HVAC life science building in San Diego in addition to being designed to LEED Gold Certification and Fitwel Standards, resulting in strategically forward-thinking and ESG leading design.

Bioterra is ideally located in Sorrento Mesa, offering biotech tenants convenient access to the I-5 Freeway and San Diego’s finest universities and research institutes, including UC San Diego, Salk Institute, and the Scripps Research Institute, as well as numerous world-renowned medical centers. The campus is just minutes away from Longfellow’s other life science properties in the region, including the award-winning SOVA Science District campus which includes an amenity center complete with on-site gym, brewery, and coffee shop.

“As the first ground-up project in our San Diego portfolio, Bioterra is an exciting step forward in Longfellow’s commitment to support the rapidly growing San Diego life science market,” said Nick Frasco, Longfellow Real Estate Partners Chief Investment Officer West & Managing Director. “Once construction is complete, the campus will be a major addition to San Diego’s core life science cluster and offer will top biotech users a unique value proposition based on state-of-the-art space, unparalleled amenities, and proximity to world-class industry partners.”

“As San Diego continues to develop and draw the world’s top talent in life science and biotech innovation, much of that growth has been right here in Sorrento Mesa and Sorrento Valley. Today’s groundbreaking at Bioterra is a result of Longfellow’s commitment to building a world-class innovation ecosystem in this community,” said San Diego City Councilmember Chris Cate. “I look forward to Longfellow’s continued investment in the region as we work together to create the 21st century infrastructure our city and economy demands.”

Longfellow’s groundbreaking at Bioterra follows the firm’s rapid expansion last month to two new US markets, Philadelphia, and Maryland-Washington D.C., along the company’s first international acquisition in Cambridge, United Kingdom.

“When we first entered the San Diego market in 2018, we had a vision for the future of life science development in the region,” said Adam Sichol, Longfellow Real Estate Partners Co-Founder and CEO. “Now four years later that is becoming a reality, as we deliver on large investments across 90 acres in key locations for the regional biotech industry. Bioterra has the distinction of being the first property we’re developing from the ground-up, enabling us to build a purpose-built space where our future tenants can thrive. The campus site is an unparalleled location that offers users access to top medical facilities, transit, and amenities.”

“We’re honored the team at Longfellow trusted McCarthy to lead its first ground-up build for their new Bioterra campus at Sorrento Mesa,” said Robert Betz, executive vice president at McCarthy.  “McCarthy has a deep well of expertise in the local San Diego life science industry, and we’re confident about our knowledge in the space – paired with Longfellow’s commitment to innovation and sustainability – will deliver an unforgettable campus.”

Longfellow currently has a total investment and development portfolio of approximately 15 million square feet and over $10bn in total asset value, with large footprints in the nation’s most dynamic centers for the biotech industry including San Diego, Boston, San Francisco, and the Research Triangle.

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About Longfellow Real Estate Partners

Longfellow Real Estate Partners is the largest private life science real estate services firm in the United States. The firm’s portfolio spans approximately 15 million square feet of laboratory and technology space, concentrated in the nation’s top markets for bio-innovation on both coasts including Boston-Cambridge, Maryland-Washington D.C., New York City, Philadelphia, San Diego, San Francisco Bay Area, the Research Triangle of North Carolina, along with the firm’s expansion to the United Kingdom. Longfellow acquires and develops facilities in strategic locations and builds long-term relationships with research-centric organizations including life science companies, universities, medical centers, and research institutes. The firm’s institutional capabilities and entrepreneurial vision enables Longfellow to deliver high quality laboratories and innovation space while satisfying each customer’s unique requirements. For more information visit https://lfrep.com.

Press/Media Contact

Casey Angel: Associate Director, Corporate Communications
+1 (619) 400-7990 • cangel@lfrep.com