The £350m Snowsfields Quarter scheme being developed in partnership with Guy’s & St Thomas’ Foundation is designed by Allies and Morrison and DSDHA.

The strip site will comprise three new buildings containing 245,000 sq ft of specialist labs facilities as well as community, including exhibition and training facilities.

Under present plans, site clearance will take place next year, with construction starting in 2027.

Emma Kowsari, director of asset management, sustainability and development at Guy’s & St Thomas’ Foundation, said: “This is a key milestone in realising our shared vision of creating a new life sciences hub and supporting better health outcomes for our local and global communities. 

“Our proposals will make a positive contribution to the London Growth Plan creating spaces for research and development, attracting the best companies and talent and cultivating a thriving ecosystem to inspire Southwark’s next generation of scientists.”

Site for three new buildings to create health innovation cluster next to Guy’s Hospital.