In QuotedData’s morning briefing 14 October 2024:
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Further to its announcement on 4 October 2024 that it had only been partially paid the first instalment of £1m that it was due under a promissory note agreement in relation to loans sold to P3P Partners LLP (click here to see our coverage of this), Triple Point Energy Transition (TENT) has provided an update saying that it has now received the remaining amounts due in respect of the 30 September 2024 payment, in full including penalty interest.
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LondonMetric Property (LMP) has updated on occupational transactions that have added £8.5m per annum of rent in this financial year to date. The company has settled 139 rent reviews since 31 March 2024, delivering £5.7m of additional rent, representing a 17% uplift on a five yearly equivalent basis, with urban logistics reviews delivering an uplift of 25%. The company has also signed 27 lettings over the same period, adding £2.8m of additional rent.
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Life Science REIT (LABS) has completed a new lease with Infleqtion (ColdQuanta UK Limited), a quantum technology business, for 7,500 sq ft of fully fitted space at the Innovation Quarter (IQ) at Oxford Technology Park (OTP). It follows an agreement for lease that was announced on 27 March 2024 and became effective on completion of the fit out. This is the third letting at the IQ and the first letting of fully fitted space at OTP. It has been achieved at a record rent for the park, reflecting the bespoke nature of the fit out. The IQ provides smaller, more flexible space, ideally suited for emerging life science occupiers for whom a fully fitted option is highly attractive.
We also have:
JPMorgan UK Small Cap Growth & Income reports on “momentous year”
