BOSTON – Nan Fung Life Sciences Real Estate (NFLSRE) announced the acquisition of 51 Sleeper Street in Boston from Brookfield Properties. Located in the Seaport District, the 152,102 sq. ft, eight floor building is ideally located in one of Boston’s leading – and growing – neighborhoods.
Based in Boston MA, NFLSRE is led by a world class management team with over 75 years of combined life sciences real estate development and operations experience.
“The need for innovative and scalable research laboratory space in Boston is high, we are proud to be able to provide the resources for more companies to grow here,” said Matthew Powers, CEO of Nan Fung Life Sciences Real Estate. “We are thankful to Brookfield Properties, Ben Brown, and his team for working with us to make this happen. Together, we were able to reach an agreement that not only works for both parties involved – but benefits the City of Boston. We look forward to working with the City to continue growing this important industry.”
NFLSRE is a subsidiary of Nan Fung Group, a privately held Hong Kong based global conglomerate with core businesses in real estate development and investment. The Group’s real estate business is vertically integrated with investment, development and operating capabilities in Hong Kong, China, the United Kingdom and the United States. The Group also holds a well-diversified financial investment portfolio and has made significant investments in the life science sector globally through Nan Fung Life Sciences.
Nan Fung Life Sciences has $1.5 billion capital commitment from Nan Fung Group to invest into life sciences and has invested in 46 portfolio companies to date.
Nan Fung Life Sciences Real Estate (“NFLSRE”), a subsidiary of Nan Fung Group, is an innovative, premier real estate investment and operating company based in Boston MA.