Local medtech company Diaceutics is the first tenant to sign up to the Kings Hall Health and Wellbeing Park’s new precision medicine hub, Dataworks.
The diagnostic development firm has taken 10,000 sq. ft. of space in the park’s development, which is dedicated to companies involved in IT and data management within the healthcare industry.
Construction of Dataworks is due to begin at the end of 2019 with a scheduled completion date of the fourth quarter of 2020.
Diaceutics works with pharmaceutical companies to analyse data from health insurance claims and from clinical labs in order to improve treatment for cancer, auto-immune hepatitis and other conditions in the future. It is listed on the London Stock Exchange and employs around 100 people globally with offices in Belfast, Dundalk, New Jersey and Singapore.
Its founder Peter Keeling said that “the benefits of co-habiting at Dataworks with synergistic businesses will be considerable and will spark innovation for all.
“Healthcare data is the currency driving improvements in precision medicine globally and creating this centre of excellence will allow us to share data, insights, space and connections in a hive-like environment which will energise the sector.”
Benmore Octopus is the private healthcare company behind the park’s development. Its Director, David Burrows added that the deal with Diaceutics “marks the next milestone for the park which will be a flagship development in integrated healthcare in Northern Ireland and across the UK.”
CBRE and Colliers are joint lettings agents of the Kings Hall Health and Wellbeing Park.
The development of Dataworks will see the iconic Kings Hall building - which has been vacant since 2013 – and surrounding site transformed into Northern Ireland’s first precision medicine hub.
There are also plans for a GP hub onsite where the co-location of up to 32 GPs and other trust-led primary care services will be accommodated. The extended Kings Hall site – formerly the Balmoral show grounds – will also include care for the elderly and assisted living accommodation, a mixed-use medical facility, and a multi-storey car park.
