Life Science REIT plc announce the letting of part of the ground floor of Building One at Oxford Technology Park ("OTP") to Oxford Ionics Limited, the record-breaking Oxford University spin-out focused on scalable quantum computing. The lease was completed on 4,887 sq ft at a rent of £28.50 per sq ft, for two years with a break clause at the end of the first year. This provides Oxford Ionics with initial accommodation while they prepare to occupy larger long term space on the park.

With this letting, overall occupancy of the completed space at OTP increases a further 6.8% to 73.6%, with the Company targeting to complete a further 262,000 sq ft of space at OTP during the next 18 months. Oxford Ionics, which holds world records for the performance of its quantum computer technology, announced last week that it had raised £30 million in Series A funding from some of the world's leading tech investors.