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New Deal


Announced

Completed

Life Science REIT completed the acquisition of Rolling Stock Yard from Newmark Properties, Argo Real Estate and Investec Bank for £77m.

Financials

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Transaction Value£77m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Real Estate Holding and Development

Majority

Acquisition

Private

Cross Border

office and laboratory building

United Kingdom

Real Estate

Friendly

Completed

Single Bidder

Synopsis

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Life Science REIT, a real estate investment trust focused on UK life science properties, completed the acquisition of Rolling Stock Yard, a premium, nine-storey office and laboratory building, from investors Newmark Properties, Argo Real Estate and Investec Bank for £77m. "/Rolling Stock Yard offers attractive current income but importantly also includes significant asset management opportunities including the creation of further laboratory space to drive additional rental income growth," Simon Farnsworth, Ironstone Asset Management Managing Director.

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