Tughans act for London-listed Precision Medicine Company, Diaceutics on Lease of new Belfast Headquarters

Tughans acted on behalf of Diaceutics, a London-listed precision medicine company, on the leasing of 10,000 sq ft of the Dataworks office building to create its new headquarters in Northern Ireland. The lease means that Diaceutics become lead tenant of the 20,000 sq ft building within South Belfast’s iconic Kings Hall Life Sciences Park.

Tughans’ Property Finance team represented Danske Bank who provided the funding which allowed O’Connor McCann to acquire the 20,000 sq ft Dataworks building. Danske Bank provided financing in the form of a £4.7 million green loan.

The lease agreement for Diaceutics was managed by Tughan’s Real Estate team led by partner Joe Moore, supported by the wider team. Danske Bank were supported by the firm’s Property Finance team, led by partner Douglas Anderson and supported by Real Estate partner Chris Milligan.

Commenting on the deal, Real Estate partner at Tughans, Joe Moore, said:

“We were pleased to have secured the lease of the Dataworks building for Diaceutics. The Kings Hall Life Sciences Park will make an ideal base for Diaceutics’ Northern Ireland HQ.

Commenting on the deal, Tughans’ Property Finance Partner, Douglas Anderson said:

“We were delighted to act for Danske Bank. With green credentials increasingly at the top of the agenda across multiple sectors, we would anticipate financing deals involving sustainable finance to increase in the future”.