Life Science REIT has posted a £14.5m lift in the value of its portfolio over the six weeks since its initial public offering.
In a stock exchange update covering the period to 31 December, the REIT said its portfolio value stood at £192.2m at the end of the year. The company pinned the rise on acquisitions being agreed ahead of its November IPO, progress with lettings and some yield movement.
Life Science REIT has completed five acquisitions since the listing, all of which are in or around Oxford, Cambridge and London.
“The investment adviser continues to make significant progress with its negotiations and diligence on a number of potential acquisitions and expects to make further announcements on these transactions over the next few months,” the company said.
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