Health Services Laboratories has signed a 16-year lease for a 50,105-square-foot new clinical laboratory hub at Croxley Park, Watford, CoStar News can reveal.
Health Services Laboratories provides accredited pathology services for NHS Trusts and its patients. It is a partnership between The Doctors Laboratory, Royal Free London NHS Foundation Trust and University College London Hospitals NHS Foundation Trust.
HSL will move into Building 7 at Watford Borough Council’s Croxley Park, once the entire building has been substantially refurbished to a Grade A standard for use as laboratories and offices.
The laboratories will receive patient samples from across the Hertfordshire and West Essex Integrated Care System.
Paul Smith, director at Bray Fox Smith, said in a statement: “Following a strategic decision to facilitate the move of DLL into Building 1 earlier this year, WBC has been able to offer the whole building to HSL. This forward-thinking approach in asset management and investment of the asset has resulted in not only the retention of long-term occupiers but the addition of a major new tenant, HSL.”
David Byrne, CEO at HSL said: “We look forward to being able to base some of our Herts and West Essex teams in our hub laboratories at Croxley Park, supporting the onsite laboratories based at NHS hospitals in the region. It’s a great location for the staff joining us from HWE and is an ideal space for HSL to create state of the art laboratories for our staff to provide patient care for the ICS.”
HSL will join other companies from the medical sector, such as Smith and Nephew, Medtronic and Glenmark who are already established at Croxley Park.
Croxley Park comprises 700,000 square feet of office and business space across 13 buildings, on 75 acres of landscaped grounds. It houses more than 60 companies and 2400 employees.
Bray Fox Smith and Stimpsons acted for the landlord and DWD acted for HSL.