LONDON, UK: Stenprop Limited, the UK multi-let industrial (MLI) property company, has acquired two MLI estates, comprising 58 units, in Durham and West Bromwich. The assets have been purchased in separate transactions for a total consideration of £14 million. Mandale Business Park, located on the Belmont Industrial Estate on the outskirts of Durham, was acquired…
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Stenprop acquires £19.6 million Bowthorpe Park industrial estate in Norwich
LONDON: Stenprop Limited, the UK multi-let industrial (MLI) property company, has simultaneously exchanged and completed the purchase of Bowthorpe Park Industrial Estate in Norwich, UK from Blackrock Industrial Trust for £19.6 million, a news release said. The purchase price reflects a net initial yield of 6.35%. With excellent access to the A47 and in turn…