Life Science REIT (LABS)

Sector:

Real Estate

Index:

FTSE Small Cap

42.15p
   
  • Change Today:
      0.15p
  • 52 Week High: 46.60
  • 52 Week Low: 31.50
  • Currency: UK Pounds
  • Shares Issued: 350.00m
  • Volume: 288,341
  • Market Cap: £147.53m
  • Beta: 0.01

Life Science REIT inks big lease at Oxford Technology Park

By Josh White

Date: Tuesday 13 Feb 2024

LONDON (ShareCast) - (Sharecast News) - Life Science REIT announced the full occupancy of building five at Oxford Technology Park (OTP) on Tuesday, encompassing 57,000 square feet, by technology and engineering services provider WAE Technologies.
The London-listed company said the building , recently completed and poised to attain a BREEAM Excellent certification, was leased to WAE for a ten-year term, at an annual rent of £1,146,000, translating to £20.10 per square foot.

It said the lease incorporated a break clause at the halfway mark and a rent review at the end of the fifth year.

Life Science REIT said WAE Technologies is a subsidiary of Fortescue, a publicly listed Australian entity, operates within diverse sectors such as green energy, medical engineering, and automotive.

Fortescue also manages the Foresight WAE Technology Fund, which supports a spectrum of businesses, including ventures originating from prestigious academic institutions like Oxford and Cambridge Universities.

Among those ventures was Refeyn, specialising in molecular mass measurement, and ZOMP, renowned for its 3D whole-cell imaging technology.

The company said the occupied space within building five had been tailored to accommodate offices and research and development facilities to suit the specific requirements of WAE Technologies.

"OTP's combination of flexible, affordable, and best in class space as well as its proximity to leading, global life sciences institutions is compelling for a wide range of occupiers," said Ian Harris, director of asset management at the company's investment adviser, Ironstone Asset Management.

"WAE will be the largest occupier at OTP and its presence is a major step forward in delivering a vibrant and collaborative community at OTP."

At 0835 GMT, shares in Life Science REIT were up 1.55% at 52.4p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


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 42.15p
Change Today 0.15p
% Change 0.36 %
52 Week High 46.60
52 Week Low 31.50
Volume 288,341
Shares Issued 350.00m
Market Cap £147.53m
Beta 0.01

LABS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.88% above the market average71.88% above the market average71.88% above the market average71.88% above the market average71.88% above the market average
28.00% above the sector average28.00% above the sector average28.00% above the sector average28.00% above the sector average28.00% above the sector average
Price Trend
33.96% above the market average33.96% above the market average33.96% above the market average33.96% above the market average33.96% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income
15.3% below the market average15.3% below the market average15.3% below the market average15.3% below the market average15.3% 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
51.61% above the market average51.61% above the market average51.61% above the market average51.61% above the market average51.61% above the market average
25.93% above the sector average25.93% above the sector average25.93% above the sector average25.93% above the sector average25.93% 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 03-Jun-2025

Time Volume / Share Price
08:56 100,000 @ 42.00p
08:53 978 @ 41.93p
08:47 25,000 @ 42.00p
08:47 1,469 @ 42.00p
08:47 6,000 @ 42.40p

Top of Page