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Life Science Reit Plc ( (GB:LABS) ) has issued an announcement.
Life Science REIT has signed a new lease agreement with Oxford Expression Technologies Limited at Oxford Technology Park, setting a new rental high for the park. This agreement highlights the company’s commitment to catering to emerging life science businesses by providing flexible and specialized spaces. The lease will bring the total estimated rental value captured since September 2024 to £1.5 million, emphasizing the company’s strategic positioning in the life sciences property market. The move by OET to the park signifies the growing demand for bespoke facilities that support the development and success of life science companies.
More about Life Science Reit Plc
Life Science REIT plc is a specialist property business focused on the UK’s growing life science sector. The company’s portfolio is strategically located across the ‘Golden Triangle’ of research and development hubs in Oxford, Cambridge, and London’s Knowledge Quarter. Life Science REIT aims to address the demand-supply imbalance for laboratory space in these areas, characterized by low vacancy rates and increasing rental prices. The company’s strategy includes converting existing properties to laboratory space and focuses on capital growth while providing a growing level of income.
YTD Price Performance: 10.0%
Average Trading Volume: 919,937
Technical Sentiment Signal: Sell
Current Market Cap: £146.3M
For a thorough assessment of LABS stock, go to TipRanks’ Stock Analysis page.