Life Science REIT (LABS)

Sector:

Real Estate

Index:

FTSE Small Cap

42.50p
   
  • Change Today:
      0.40p
  • 52 Week High: 46.60
  • 52 Week Low: 31.50
  • Currency: UK Pounds
  • Shares Issued: 350.00m
  • Volume: 449,685
  • Market Cap: £148.75m
  • Beta: 0.01

Life Science REIT inks letting at Oxford Technology Park

By Josh White

Date: Thursday 04 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Life Science REIT announced a significant letting of 5,551 square feet of space at the Innovation Quarter (IQ) on Thursday, located within Oxford Technology Park (OTP).
The London-listed firm said the space was leased to Quantum Advanced Solutions, which specialises in developing and manufacturing quantum dot sensors and materials.

Quantum Solutions serves a diverse clientele, including prominent names such as Merck, Panasonic, Nordson, Sony, Imec, and the University of Oxford.

The real estate investment trust said Quantum Solutions strategically chose Oxford as the location for its new facilities to be close to existing and potential clients.

Under the terms of the lease agreement, Quantum Solutions would pay an annual rent of £0.12m, equivalent to £22 per square foot, for ten years.

Additionally, the agreement included a break clause and a rent review at the end of the fifth year.

"This is the second letting at the Innovation Quarter at OTP, proving the concept that emerging life science businesses want more flexible and more affordable space," said Ian Harris, director of asset management at Life Science's investment adviser, Ironstone Asset Management.

"OTP's location, close to the academic and research institutions of Oxford and its proximity to Quantum Advanced Solutions' customer base, was key to their decision to expand with OTP."

At 1233 GMT, shares in Life Science REIT were up 1.1% at 63.69p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

LABS Market Data

Currency UK Pounds
Share Price 42.50p
Change Today 0.40p
% Change 0.95 %
52 Week High 46.60
52 Week Low 31.50
Volume 449,685
Shares Issued 350.00m
Market Cap £148.75m
Beta 0.01

LABS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.53% above the market average71.53% above the market average71.53% above the market average71.53% above the market average71.53% above the market average
44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average
Price Trend
31.78% above the market average31.78% above the market average31.78% above the market average31.78% above the market average31.78% above the market average
35.71% above the sector average35.71% above the sector average35.71% above the sector average35.71% above the sector average35.71% above the sector average
Income
15.07% below the market average15.07% below the market average15.07% below the market average15.07% below the market average15.07% below the market average
4.35% above the sector average4.35% above the sector average4.35% above the sector average4.35% above the sector average4.35% above the sector average
Growth
52.16% above the market average52.16% above the market average52.16% above the market average52.16% above the market average52.16% above the market average
48.15% above the sector average48.15% above the sector average48.15% above the sector average48.15% above the sector average48.15% above the sector average

LABS Dividends

  Latest Previous
  Interim 2nd Interim
Ex-Div 03-Oct-24 04-Apr-24
Paid 31-Oct-24 13-May-24
Amount 1.00p 1.00p

Trades for 06-Jun-2025

Time Volume / Share Price
16:49 88,804 @ 42.50p
16:35 54,336 @ 42.50p
16:35 4 @ 42.50p
16:35 140 @ 42.50p
16:35 2,540 @ 42.50p

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