Life Science Reit Plc ( (GB:LABS) ) has issued an update.
Life Science REIT plc has announced a significant leasing deal at its Cambourne Park Science & Technology Campus in Cambridge, further solidifying its position as a key player in the life sciences real estate market. The company has successfully let 17,200 sq ft to 42 Technology Limited, a consultancy specializing in technical solutions across various sectors, marking a critical step in repositioning Cambourne Park as a premier science and technology hub. This lease increases occupancy to 83% and demonstrates the company’s effective strategy in attracting life sciences and technology businesses, enhancing its asset value and market positioning.
More about Life Science Reit Plc
Life Science REIT plc is a specialist property business focused on the UK’s burgeoning life science sector. The company owns a diverse portfolio of assets located within the ‘Golden Triangle’ of research and development hubs in Oxford, Cambridge, and London’s Knowledge Quarter. Its strategic vision is to become the preferred property provider for life science companies in the UK, addressing the high demand for laboratory space driven by structural factors such as an ageing population, regulatory support, and the integration of technology within the sector.
YTD Price Performance: -5.26%
Average Trading Volume: 687,515
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £126M
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