Strategy – Life Science REIT

Investment Proposition

First listed REIT offering investors exposure to the UK Life Science sector.

First UK listed REIT focused on the Life Science sector
Initially focused on Life Science clusters in the “Golden Triangle”
The UK is at the forefront of life science in Europe, with four of the top ten global research universities, 6,850 businesses and 304,200 jobs
UK government has set science high on the national agenda, aiming to ensure the UK is a globally recognised hub
Global leader on VC funding per capita – Cambridge leads the ranking and London and Oxford sit within the top 5

Life Science real estate includes labs (wet & dry), offices, and manufacturing & prototyping facilities
Demand-supply imbalance in the “Golden Triangle” is particularly acute for laboratory space
At 31 December 2023, there was only 2.8% lab space availability in Cambridge
However, occupier requirements are strong with 1.3m sq ft recorded in the “Golden Triangle” in 2023
Take-up in the next 10 years is expected to notably exceed pipeline

Ironstone Asset Management is the Investment Adviser
Industry experienced Board
Leading investment advisory team led by Simon Farnsworth (CBRE GI, GE and Westmount)
Highly respected and experienced real estate professionals, including several members who have experience in building, operating and growing companies, including a listed REIT backed by strong sectoral trends in the UK
Excellent relationships with potential vendors, agents, banks, financial institutions and others

Global pandemic has focused attention on the Triple Helix¹ working to fight disease
Catalyst for scientific communities by creating buildings conducive to solving global problems
To reduce the impact on the environment, the Company’s asset management approach will include energy efficiency and reduction programmes, tenant engagement and refurbishing and developing dutifully
The Company’s success in implementing its ESG strategy will be measured through key performance indicators

G9 economies are devoting an increasing % of GDP to Life Science – £435bn in 2020 (8.5% increase on 2019)
Forecast undersupply of Life Science real estate expected to lead to upward pressure on rents
UK Government’s plans for largest R&D budget: £20.0bn by 2024 – 2025 (+30%)
Strong growth in the Life Science sector, accelerated by the pandemic, is driving growth in the UK Life Science property sector