Former Meta HQ in London to become science and tech hub

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. British Land and asset manager Royal London have announced a joint venture to create the innovation space at 1 Triton Square in Euston. Simon Carter, chief executive of British Land, said: “We are delighted to be working with Royal London Asset Management to deliver a world class science and innovation building at Regent’s Place. “This transaction is another example of how we drive value through establishing innovative JV partnerships, enabling us to flex our balance sheet, share the risk and crystallise the value created from Meta’s surrender premium.” Mark Evans, head of property and commercial development at Royal London, said: “We are thrilled to join forces with British Land to reposition 1 Triton Square for the science and innovation market. “In testament to this strategic vision Royal London Asset Management has established 1.5 million sq ft of holdings to meet these needs over the past 10 years.