Industrials REIT upbeat in latest investor update

Bradley Hall, Wigan

Industrials REIT has reported a “strong quarter” for the three months to the end of September in its latest update to investors.

The group, formally known as Stenprop, reported a 27% uplift on previous passing rent on new lettings, and 17% on lease renewals, averaging 21% across all leasing transactions (previous quarter: 18% and 25% respectively, averaging 21% across all transactions).

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