Life Science Reit PLC (AIM:LABS) acquired Rolling Stock Yard from Newmark Property Investments Ltd., Investec Bank Limited (JSE:INLP) and Argo Real Estate Management Limited for £77 million on December 1, 2021. The consideration was paid in cash only. Savills acted on behalf of Life Science REIT and BH2 acted as brokers for the Newmark Property Investments Ltd., Investec Bank Limited (JSE:INLP) and Argo Real Estate Management Limited. Simon Farnsworth of Ironstone Asset Management Limited acted as Investment Adviser to Life Science Reit in the transaction. Atholl Tweedie, Sapna Shah, Philip Shields and Chloe Ponsonby of Panmure Gordon & Co Limited acted as financial advisor; Tom Yeadon, Andrew Morris and Oliver Nott of Jefferies International Limited acted as brokers; and Mark Court, Henry Wilson and Verity Parker of Buchanan Communications Ltd. acted as financial advisors to Life Science Reit in the transaction. David Bunker and Ga Hyee Lee of CMS advised Ironstone Life Science Holdings Limited. David Bunker and Ga Hyee Lee of CMS advised Ironstone Life Science Holdings Limited

Life Science Reit PLC (AIM:LABS) completed the acquisition of Rolling Stock Yard from Newmark Property Investments Ltd., Investec Bank Limited (JSE:INLP) and Argo Real Estate Management Limited on December 1, 2021.