Stenprop 'on track' in first results since dual listing

Stenprop Euston

Stenprop said this morning in its first financial results since it secured a dual listing on the London Stock Exchange that it was on track to hit its targets as part of its shift in focus to multi-let industrial.

Under plans put in place last year, by April 2020, Stenprop is looking to sell about £470m of assets, acquire at least £220m of multi-let industrial and cut its leverage from a 55% loan-to-value ratio to 40%. If these targets are achieved, multi-let industrial would comprise 65% of gross assets by the end of March 2020.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now