Finance

Stenprop starts trading as FTSE 100 climbs on back of ECB update

By 2018-06-15T08:27:00

Market shares

Industrial-focussed REIT Stenprop has kicked off trading on the specialist fund segment of the London Stock Exchange with a share price of 120p.

The newly listed REIT has revealed plans to transform itself into the UK’s first “serviced industrial” provider and will now see how the market reacts to its plan to move away from the traditional leasing model and allow its tenants to sign up for six weeks to six years on its Smart Lease online platform.

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