Oversubscribed Life Science REIT IPO raises £350m

£1 per share

James Baxter-Derrington
clock • 2 min read
The trust had originally targeted a £300m raise
Image:

The trust had originally targeted a £300m raise

Life Science REIT has successfully completed its IPO, raising gross proceeds of £350m, becoming the first London-listed real estate investment trust focused on UK life science properties.

New ordinary shares were issued at £1 each and the company has made an application for 350m shares to be admitted to AIM. It is expected the dealings will commence in the shares on 19 November, under...

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