QuotedData’s morning briefing 4 January 2024 – DGI9, LABS

bundles of newspapers tied up with string

In QuotedData’s morning briefing 4 January 2024:

  • Digital 9 Infrastructure (DGI9) says that Keith Mansfield has decided to step down as a director with immediate effect. The board has made some changes:
    • Aaron Le Cornu is appointed chair of the Audit Committee and Brett Miller will join the Audit Committee.
    • Brett Miller is appointed chair of the Management Engagement Committee replacing Aaron Le Cornu who will remain a member of that committee.
    • In addition, the board is establishing a Valuation Committee, which is to be chaired by Richard Boléat. All the directors will be members of the Valuation Committee.
  • Life Science REIT (LABS) has let 5,551 sq ft of space at the Innovation Quarter (IQ) at Oxford Technology Park to Quantum Advanced Solutions, an expert in quantum dot sensors/materials development and manufacturing. Quantum Solutions will pay an annual rent of £122,122, equating to £22 per sq ft for 10 years, with a break clause and rent review at the end of the fifth year. The IQ is a differentiated offering within the wider campus targeting emerging life science businesses with smaller, more flexible space which can accommodate both wet and dry labs, offices and light production. Covering 69,700 sq ft, the IQ reached practical completion in August 2023 and is EPC A rated and is on track to achieve a BREEAM Excellent certification. Established in 2017, Quantum Solutions has been growing rapidly and has chosen Oxford for its new facilities to be closer to existing and prospective customers.

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