LONDON: Stenprop Limited has acquired three multi-let estates as it remains on target to be a fully focused MLI REIT by the end of the next financial year, a news release said. The three in Newcastle, Bromborough and Bradford, have been purchased in separate transactions for a total consideration of £18.4 million, reflecting a net…
LONDON: Stenprop Limited, the UK multi-let industrial (MLI) property company, has exchanged contracts on the sale of its freehold interest in the Victoria Centre in Berlin, Germany to Art-Invest Real Estate Funds GmbH for €37.45 million. The disposal price is at our 30 September book value and reflects a 19.3% (€6.05 million) premium to the…
LONDON: Stenprop Limited, the UK multi-let industrial (MLI) REIT, has secured a new seven-year, £66.5 million fixed rate senior debt facility with ReAssure, a news release said. The new facility refinances an existing £61.5 million loan, which was due to expire in June 2022, and is secured against a portfolio of 30 multi-let industrial assets…
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…