Finance

Industrials REIT buys three assets for £18m

By 2021-11-05T07:55:00

Warehouse

Source: Shutterstock/ Don Pablo

Industrials REIT, the group formerly known as Stenprop, has acquired three multi-let estates for £18m.

The three estates, in Birkenhead, Coatbridge, and Stockton on Tees, have been purchased in separate transactions. The deals reflect a blended net initial yield of 7.1% and a capital value of £69 / sq ft.

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