Life Science REIT PLC - Leeds-based specialist property company - Announces it has signed a lease agreement for over 4,300 square feet of space at Building 2030 at Cambourne Park Science & Technology Campus with agri-tech firm Pro Cam UK Ltd. Pro Cam currently occupies space in Building 2020. The firm will pay an increased rent of £25 per square foot, up 8.2% from its current rent.
Life Science says the agreement also creates an opportunity to deliver more fully fitted lab spaces. Life Science is currently delivering four fully fitted labs in Building 2020. It expects to complete these in the final quarter of 2024.
‘Pro Cam is a great example of the diversity of life science occupier we are attracting to the park, and supporting existing occupiers with their space requirements as they evolve, is a key element of our strategy,’ says Ian Harris, director of Asset Management at Life Science’s investment adviser.
Current stock price: 39.74 pence, up 0.9% on Wednesday afternoon in London
12-month change: down 43%
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