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.

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