Industrials REIT buys three assets for £18m


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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue