In QuotedData’s morning briefing 27 March 2024:

• Life Science REIT (LABS) has leased 7,497 sq ft of space at the Innovation Quarter at Oxford Technology Park to Coldquanta UK Limited, which is part of Infleqtion, a global quantum technology company. The lease will complete once the laboratory fitout works are complete. ColdQuanta will pay an annual rent of £337,365, equating to £45.00 per sq ft for 10 years, with a break clause and rent review at the end of the fifth year. This is a significant premium to other lettings achieved at the IQ and reflects the fact that Life Science REIT is fully fitting out the space.