British Land Launches £150m Recommended Bid for Life Science REIT to Expand Science & Technology Footprint

British Land Company plc ( (GB:BLND) ) just unveiled an announcement.

British Land has agreed a recommended cash-and-share offer to acquire the entire issued and to be issued share capital of Life Science REIT plc, valuing the specialist life sciences and technology-focused landlord at about £150 million. Life Science REIT shareholders will receive 14.1 pence in cash and 0.07 new British Land shares per share, representing a roughly 21% premium to the target’s last closing price but at a discount to its net asset value, and will collectively own around 2.4% of the enlarged group, with eligibility for British Land’s 2026 final dividend. The deal, to be implemented via a court-sanctioned scheme of arrangement, adds five Golden Triangle assets in London, Oxford and Cambridge to British Land’s portfolio, broadening its Science & Technology footprint and tenant base. British Land expects immediate earnings per share accretion, EPRA NTA per share neutrality and further upside from cost synergies, lease reversion and letting vacant space, while Life Science REIT investors gain access to a larger, more diversified platform with an investment-grade balance sheet, higher liquidity and an anticipated growing dividend stream. Life Science REIT’s board, advised that the terms are fair and reasonable, unanimously intends to recommend shareholders vote in favour of the transaction, following a period in which sector headwinds and higher rates have constrained the REIT’s ability to fund its capital expenditure plans.

The most recent analyst rating on (GB:BLND) stock is a Hold with a £440.00 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.

Spark’s Take on GB:BLND Stock

According to Spark, TipRanks’ AI Analyst, GB:BLND is a Outperform.

British Land Company plc is well-positioned with strong technical momentum and attractive valuation metrics. The positive sentiment from the latest earnings call and recent corporate events further bolster confidence in the company’s strategic direction. However, financial performance volatility and cash flow inconsistencies present risks that need careful management.

To see Spark’s full report on GB:BLND stock, click here.

More about British Land Company plc

The British Land Company plc is one of the UK’s largest listed real estate companies, focused on prime campuses and retail parks, particularly in London and other key urban locations. Its portfolio increasingly targets innovation-driven sectors, with a growing emphasis on Science & Technology occupiers, leveraging large-scale, mixed-use campuses to provide best-in-class workspaces and drive long-term earnings and valuation growth.

Average Trading Volume: 5,637,383

Technical Sentiment Signal: Buy

Current Market Cap: £4.12B

For detailed information about BLND stock, go to TipRanks’ Stock Analysis page.