PATRIZIA Pre‑lets Landmark Central London Asset to Cleveland Clinic for State‑of‑the‑Art Oncology Hub

PATRIZIA Pre‑lets Landmark Central London Asset to Cleveland Clinic for State‑of‑the‑Art Oncology Hub

(IN BRIEF) PATRIZIA has finalised an 81,000 sq ft pre‑let to Cleveland Clinic London at 40 Grosvenor Place for a new cancer centre opening in 2027. The centre will span seven floors and feature advanced treatment capabilities—systemic therapies, radiotherapy and outpatient care. PATRIZIA’s design and leasing approach balances Cleveland Clinic’s clinical specifications with the building’s long‑term flexibility. Christie Wright highlighted the strategic importance of this specialised healthcare tenancy. The remaining office space is now marketed via Knight Frank and CBRE, and the full asset repositioning is on track for completion in Q4 2025. PATRIZIA manages €56 billion in real assets globally, €5.3 billion of which is in the UK.

(PRESS RELEASE) LONDON, 17-Jul-2025 — /EuropaWire/ — PATRIZIA, the global real‐assets investment manager, has secured a landmark pre‐let agreement with Cleveland Clinic London for 81,000 sq ft at 40 Grosvenor Place, where the healthcare provider will develop a cutting‐edge cancer treatment centre. This seven‐floor, purpose‐designed facility—slated to open in late 2027—will integrate systemic therapies, radiotherapy suites and comprehensive outpatient services, enhancing Cleveland Clinic’s UK presence and meeting rising demand for specialised clinical space in central London.

By embedding flexibility into both design and leasing strategies, PATRIZIA has ensured the building can accommodate Cleveland Clinic’s exacting clinical and technical requirements while preserving future adaptability. Christie Wright, Co‑Head of Investment Management at PATRIZIA, remarked, “This pre‑let underscores our ability to transform central London real estate into bespoke healthcare environments. Partnering with an occupier of Cleveland Clinic’s calibre not only elevates the asset’s long‑term value but also demonstrates our deep expertise in managing complex repositioning projects.”

Following this commitment, the remaining 81,000 sq ft of office space is now being marketed by Knight Frank and CBRE, with the full repositioning of the building due to complete by year‑end. PATRIZIA oversees more than €56 billion in assets worldwide, including €5.3 billion in the UK.

PATRIZIA: Investment manager for international smart real assets

PATRIZIA has been providing investment opportunities in smart real assets for institutional, semi-professional, and private investors for more than 40 years, focusing on real estate and infrastructure. PATRIZIA’s investment solutions are driven by the “DUEL” megatrends – digital, urban, energy and living transitions – and capitalise on the opportunities arising from these transformative global shifts. PATRIZIA currently has over EUR 56bn in assets under management (AUM) and employs approximately 900 professionals across 26 locations worldwide.

PATRIZIA has been committed to making a positive impact since its founding. In 1992, the company began collaborating closely with Bunter Kreis (“Colourful Circle”) in Germany to provide aftercare for children with severe diseases. Since 1999, the PATRIZIA Foundation has provided more than 750,000 children and young people worldwide with access to education, healthcare and a safe home, enabling them to live a better, self-determined live.

Cleveland Clinic

Cleveland Clinic is a nonprofit multispecialty academic medical center that integrates clinical  and hospital care with research and education. Located in Cleveland, Ohio, it was founded in 1921 by four renowned physicians with a vision of providing outstanding patient care based upon the principles of cooperation, compassion and innovation. Cleveland Clinic has pioneered many medical breakthroughs, including coronary artery bypass surgery and the first face transplant in the United States. Cleveland Clinic is consistently recognized in the U.S. and throughout the world for its expertise and care. Among Cleveland Clinic’s 81,000 employees worldwide are more than 5,743 salaried physicians and researchers, and 20,160 registered nurses and advanced practice providers, representing 140 medical specialties and subspecialties. Cleveland Clinic is a 6,690-bed health system that includes a 173-acre main campus near downtown Cleveland, 23 hospitals, 276 outpatient facilities, including locations in northeast Ohio; Florida; Las Vegas, Nevada; Toronto, Canada; Abu Dhabi, UAE; and London, England. In 2023, there were 13.7 million outpatient encounters, 323,000 hospital admissions and observations, and 301,000 surgeries and procedures throughout Cleveland Clinic’s health system. Patients came for treatment from every state and 132 countries. Visit at clevelandclinic.org. Follow at twitter.com/CleClinicNews. News and resources available at newsroom.clevelandclinic.org.

Media Contact:

Matthew Richards
PATRIZIA
Mobile: +44 7471 999746
Email: Matthew.Richards(at)patrizia.ag

SOURCE: PATRIZIA