New office building at Kings Hall Life Sciences Park supported by green loan from Danske Bank

  • The new owners of a state-of-the-art office building in Belfast called The Dataworks have purchased the site using a £4.7m green loan from Danske Bank, the bank announced today.

    The 20,000 sq ft building sits within the Kings Hall Life Sciences Park in south Belfast, a hub for life sciences companies of all sizes, and provides grade A offices, laboratories and shared spaces. It is also located in close proximity to healthcare professionals operating within the park and Belfast’s hospitals and universities.

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    The lead tenant in the building is Diaceutics plc, a leading diagnostic commercialisation company, which has taken 10,000 sq ft of the Dataworks building to create its new headquarters in Northern Ireland.

    Diaceutics, which created the world’s first diagnostic commercialisation platform (DXRX) for precision medicine provides unrivalled access to multiple pipelines of real-world diagnostic testing data from a global network of laboratories to ultimately improve the efficiency of patient testing for a range of diseases by reducing the timeline for a patient to secure optimal treatment for their condition.

    The company, which is listed on the AIM Market of the London Stock Exchange, has created commercially useful data sets for every precision medicine that has come to market. It now employs 149 people in Belfast and globally and posted revenues of £13.9m in its most recent financial results, a 20 per cent increase on the year before.

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    Paul Currid, corporate banking manager at Danske Bank, said: “We’re really pleased to have been able to facilitate the purchase of this building through a green loan and to see it being used as the new headquarters for one of the region’s most innovative and fastest growing medical technology companies."

    “At Danske Bank sustainability is top of the agenda and that means both becoming greener in our own operations but also helping our customers on their journey to becoming more sustainable. Sustainability is increasingly important for companies in a number of sectors and we expect demand for sustainable finance to continue to rise.”

    Source: Written from press release

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