Business

Diaceutics to become first anchor tenant at proposed Kings Hall wellbeing park

Pictured at the Big Data conference in Belfast are (from left) Andrew Coggins, director at CBRE; David Burrows, director at Benmore Octopus; and Diaceutics founder Peter Keeling
Gary McDonald Business Editor

DATA analytics firm Diaceutics is the first tenant to sign up to the £100 million Kings Hall Health and Wellbeing Park.

Founded by Belfast entrepreneur Peter Keeling and which earlier this year floated on the London Stock Exchange's second tier market, the company plans to take 10,000 sq ft of space in the park's purpose-built Dataworks precision medicine hub, which is dedicated to companies involved in IT/data management within the healthcare industry.

Diaceutics will move into Dataworks as an anchor tenant when it opens at the end of next year, and it's a move which is likely to attract similar peer-data-enabled companies to take tenancies in for the remaining space.

Mr Keeling said: “We're hugely excited to be moving our growing data team in Belfast into the first precision medicine hub in Northern Ireland.

“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.”

He added: "The benefits of co-habiting at Dataworks with synergistic businesses will be considerable and will spark innovation for all.”

Diaceutics works with pharma firms to analyse data from health insurance claims and from clinical labs in order to improve treatment for cancer, auto-immune heptatis and other conditions in the future.

It employs around 100 people across its offices in Belfast, Dundalk, New Jersey and Singapore.

David Burrows, director at Benmore Octopus, which is developing the King's Hall centre, said: “Diaceutics fits perfectly with the vision we had for the park.

“This deal marks the next milestone for what will be a flagship development in integrated healthcare in Northern Ireland and across the UK.

“We truly believe the integrated approach we have developed has the potential to reduce healthcare inequalities and deliver better health outcomes for everyone in the local community.”

CBRE and Colliers are joint lettings agents of the Kings Hall Health and Wellbeing Park, which will see the iconic 1930s art deco Kings Hall building, vacant since 2013, and the surrounding site transformed into the most innovative health and wellbeing hub in the UK.

The 220,000 sq ft site will encompasses a range of integrated and onsite health, community, and leisure facilities including include a primary care complex, alongside ancillary medical facilities, with the ability to accommodate care for more than 25,000 patients.

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