British Land has signed a Memorandum of Understanding (MoU) for a new King’s College science and tech campus with Australian pension fund, AustralianSuper.
Property developer British Land signed the MoU with AustralianSuper as a long term commitment to science and technology across the 53-acre Canada Water campus.
AustraliaSuper is Australia’s largest pension fund.
The partnership will establish a framework of collaboration between the joint venture partners and King’s College.
The MoU, which will be effective for five-years, was officially signed on 3 July by head of Canada Water at British Land Emma Cariga, head of investments Europe at AustralianSuper, Carl Astorri and vice president innovation & research at King’s Professor Bashir M. Al-Hashimi.
Professor Bashir M. Al-Hashimi, vice president innovation & research at King’s College, said: “King’s has ambitious and innovative plans to scale up our research commercialisation, spinouts and industry collaboration in health, science, and engineering.”
Victoria Stanley, investment director at AustralianSuper said: “The nexus of innovation and higher education, supported by public and private investment has been identified as a key driver of future UK economic growth, so it’s vitally important we support this sector by not only creating the appropriate spaces for businesses to occupy, but also establishing strategic partnerships which encourage and facilitate opportunities.”
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