Life Science Reit Plc (GB:LABS) has released an update.
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Life Science REIT Plc reports a robust six-month performance with a 7.9% increase in contracted rents and an uptick in earnings, despite a cautious occupational market and wider REIT sector challenges such as high inflation and interest rates. The company has seen a rebound in leasing activity, particularly in the supply-constrained markets of the Golden Triangle, and remains confident in its strategic focus on high-quality, bespoke assets. With a healthy pipeline of £3.2 million in potential rents and a commitment to sustainable building development, Life Science REIT is positioning for continued growth.
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